Moneycontrol PRO
Loans
Loans

business

Liquidity position across banks is at comfortable level: Experts

In a landmark step, SBI cut interest rates on savings accounts that hold less than Rs 1 crore. This is the first such move by any bank in India's history. In an interview to CNBC-TV18, Dinabandhu Mohapatra, MD & CEO of Bank of India and Vivek Rajpal, Rates Strategist at Nomura assessed the impact on the sector.

first published: Aug 1, 2017 09:59 am

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347