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| India Eco Summit: UBI defers plan to cut deposit rates | 09-NOV-09 |
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| State-owned Union Bank of India (UBI) today said there is no immediate plan to cut deposit rates even as leading banks like State Bank of India (SBI) and Punjab National Bank have slashed rates by up to 50 basis points. |
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| SBI cuts deposit rates by 25-50 bps | 06-NOV-09 |
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| With this, deposits with a maturity of 181 days to less than one year will now carry an interest rate of 5.25 per cent against 5.75 per cent earlier, a bank communique to the Bombay Stock Exchange said. |
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| State Bank cuts deposit rates by 25bps | 02-OCT-09 |
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| State Bank of India (SBI) today announced a 25 basis points reduction in deposit rates across maturities as part of its latest attempt to lower cost of funds and improve its net interest margin (NIM). |
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| SBI slashes deposit rates by 0.25% | 01-OCT-09 |
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| With this, deposits having a tenure of 1-year to less than 2-years, will now attract a rate of 6.25 per cent (6.5 per cent), the bank said in a release today. |
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| Union Bank cuts foreign currency deposit rates | 01-OCT-09 |
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| Public sector lender Union Bank of India has reduced interest rates on foreign currency non-resident bank (FCNR-B) account deposits and non-resident external (NRE) rupee account deposits with immediate effect. |
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