It is offering them incentives by way of a further reduction in the rate of interest ranging from 0.25% to 1% depending upon the ratings obtained
The rupee also benefitted after global risk assets rallied
Union Bank reduces SMEs' loan rates up to 300 bps
For deposits of two years and above but less than three years, the interest rates has been revised to 2.55%
Continued capital inflows, euro's gains against dollar supported the rupee
INDIA-RUPEE:Rupee little changed seen range-bound
Fails to retain initial gains on fresh demand for dollar by banks and importers
Euro dips giving up a bit of ground after its biggest one-day climb in eight months
Bank has lowered the deposit rates to 2.55% from 2.63% for deposits of maturity of 2 yrs and less than 3 yrs
INDIA-SBI:State Bank of India eyes $500 mln bond: sources
'Deals on a fix' gain ground as volatility puts off clients
CAD expected to improve with fall in crude oil prices