Moneycontrol PRO

business

RBI Credit Policy: Not much scope to cut deposit rates, says SBI

Hemant Contractor of SBI says there is no scope for reduction in deposit rates due to the stickiness caused by the fact that you have the floor set with the government saving schemes and our deposit rates are quite low

first published: Jun 17, 2013 02:57 pm

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