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With the rupee resuming its fall after a brief period of consolidation, forex participants are not ruling out of the possibility of the rupee weakening further to breach the 70 level mark. (Photo: AP)

Rupee may decline further against US dollar: State Bank of India...

The rupee has now depreciated by 6.2 per cent since June 2018 when RBI started hiking rates.

4 Sept 2018 5:10 PM IST

The move is expected to prompt banks to lower the deposit rate in line with the small savings rate as offered by the government.

Interest rate on small savings hiked after several yrs; PPF to fetch 8...

Interest on savings deposits has been retained at 4 per cent, annually.

20 Sept 2018 10:52 AM IST

Bank is introducing two tier saving bank rate with effect from Thursday. (Photo: PTI)

BOI cuts interest to 3.5 pc for deposits up to Rs 50 lakh

The bank will continue to pay 4 per cent interest on deposits of above Rs 50 lakh.

24 Aug 2017 1:06 PM IST

Dena Bank stock traded 1.59 per cent down at Rs 30.85 on BSE.

Dena Bank cuts savings rate by 0.5 per cent

For deposits above Rs 25 lakh interest rate will remain unchanged at 4 per cent per annum.

21 Aug 2017 4:52 PM IST

ICICI Banks USD 7.5 billion global medium-term notes programme.

ICICI Bank cut interest rate on savings account by 0.5 per cent

The interest rate on savings bank accounts with deposits of Rs 50 lakh and above remains unchanged.

19 Aug 2017 12:41 PM IST

The new rate will be applicable from August 21. (Photo: PTI)

Union Bank revises savings bank deposit rates

For deposits above Rs 25 lakh rate has been left unchanged at 4 per cent per annum.

18 Aug 2017 7:43 PM IST

A closed branch of SBI as bank employees went on a nationwide strike in Surat. (Photo: PTI)

7 banks that cut interest rate on savings account

State Bank of India was first to slash interest rate, followed by other public and private lenders.

17 Aug 2017 11:53 AM IST

Yes Bank last week had informed about raising Rs 4,906.65 crore (USD 750 million) in Qualified Institutions Placement mode.

Yes Bank slashes interest rate on savings account by 1 per cent

The bank has also slashed interest rate on savings accounts to 6.25 per cent from existing 6.5 per cent for deposits...

16 Aug 2017 8:59 PM IST

Economic Affairs Secretary Subhash Chandra Garg, (Photo credit: World Bank)

RBI rate cut important step for sustained growth: Finance Ministry

Monetary policy statement was arrived after a two- day meeting of the MPC headed by RBI Governor Urjit Patel.

2 Aug 2017 4:36 PM IST

State Bank of India

SBI slashes interest rates on savings

As per a SBI official, about 90% of the savings account holders falls under the less than Rs 1 crore bracket.

1 Aug 2017 12:59 AM IST

Finance Minister Arun Jaitley speaks in the Rajya Sabha in New Delhi. (Photo: AP)

Jaitley defends SBI decision to cut saving account interest rate

SBI to cut interest rate on saving accounts with less than Rs 1 cr deposit to 3.5 per cent from 4 per cent.

3 Aug 2017 1:27 PM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Karnataka Bank cuts interest rate to 3 per cent on deposits less than...

The interest rate has been reduced by 1 per cent from 4 per cent, Karnataka Bank said in a statement.

3 Aug 2017 10:03 AM IST