MoneyWorks4Me

Yes Bank hikes deposit rates by 25-50 bps

24 Jun 2011 Evaluate

Yes Bank has hiked the interest rate on deposits of certain tenors by 25-50 basis points. The bank has hiked rates on deposits ranging from a month to just over a year. Following the hike in key policy rates by the Reserve Bank of India, banks have started increased increasing deposit and lending rates. So far, IDBI Bank has increased its deposit rates and ING Vysya Bank, its lending rates.

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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