Kotak Mahindra Bank, Central Bank of India revise interest rates

Central Bank of India and Kotak Mahindra Bank have revised interest rate on deposits and advances after Reserve Bank of India hiked the policy repo rate by 25 basis points. 

Central Bank said the revised rates with effect from February 10 on housing loan would be 8.6 per cent-9.35 per cent.

Meanwhile, Kotak Mahindra Bank increased select deposit rates by up to 25 basis points.