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Wednesday 28 November 2018

Home / Business News: Latest News on Business / Financial News / India Business & World Business News / Stock Markets / SBI hikes FD rates by 0.1%, loans may get costlier

SBI hikes FD rates by 0.1%, loans may get costlier

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SBI has increased rates on all deposits over one year and these come into effect from Wednesday. Most of the bank’s deposits are in the above one-year category. Given that the benchmark rate for loans is determined by cost of funds, there is a strong likelihood that the bank will increase its marginal cost of lending rate in coming months.

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