Lenders to pay depositors higher rates

After a gap of about three years, commercial banks have started increasing fixed deposit rates for their retail customers. At least two private sector lenders — Kotak Mahindra Bank and Yes Bank — have raised interest rates on fixed deposits by 5-25 basis points (bps) for some tenures. (100 bps = 1 percentage point) Kotak Mahindra Bank will now offer […]

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