HomeNewsBusinessCompaniesSBI hikes NRE deposit rates by 100 bps

SBI hikes NRE deposit rates by 100 bps

Following RBI’s decision to hike the ceiling of non-resident deposits earlier this week, India’s largest lender State Bank of India (SBI) on Friday hiked its interest rates on non resident external (NRE) deposit accounts by 100 basis points.

November 25, 2011 / 18:38 IST

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Moneycontrol Bureau

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first published: Nov 25, 2011 04:01 pm

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SBI hikes NRE deposit rates by 100 bps

Following RBI’s decision to hike the ceiling of non-resident deposits earlier this week, India’s largest lender State Bank of India (SBI) on Friday hiked its interest rates on non resident external (NRE) deposit accounts by 100 basis points.

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