YES Bank, India's fourth largest private sector bank today announced the revision of it's deposit rates by 0.25 percent to 0.5 percent in select tenors. This provides an opportunity for retail depositors to lock in higher rates on term deposits.
Yes Bank has also consequently revised its base rate to 10.75% (an increase of 0.25%) effective August 1, 2013.
The stock was trading at Rs 299.65 down 14 percent at 10 am.
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