HomeNewsBusinessCompaniesFederal Bank not to jump into savings rate hike war

Federal Bank not to jump into savings rate hike war

Instead of jumping into the rate hike war, Kerala-based Federal Bank is in no hurry to increase its savings deposit rates. Rather, they may be planning to improve customers' service. This is despite the fact that its peer banks already upped savings deposit rates by 150-200 basis points.

Moneycontrol Bureau

Kerala-based Federal Bank is no mood to jump into the ongoing savings deposit rate hike war in banks. Instead, it plans on engaging competition by improving its customer services.
Many major banks including Kotak Mahindra Bank, Yes Bank and IndusInd Bank have upped their savings deposit rates by 150-200 basis points, immediately after RBI announced savings rate de-regulations.

first published: Nov 3, 2011 02:20 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Download MC Apps:

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.

English

Markets

News

Personal Finance

Mutual Funds

Commodities

Media

Invest Now

Specials

Federal Bank not to jump into savings rate hike war

Instead of jumping into the rate hike war, Kerala-based Federal Bank is in no hurry to increase its savings deposit rates. Rather, they may be planning to improve customers' service. This is despite the fact that its peer banks already upped savings deposit rates by 150-200 basis points.

Trending Topics

News

Markets

Personal Finance

Mutual Funds

Tools

Community

Network 18 Sites

Quick Links