RBI repo rate hike effect: These banks raised rates on lending, deposits
2 years, 7 months ago

RBI repo rate hike effect: These banks raised rates on lending, deposits

Live Mint  

Right after the Reserve Bank of India raised India's repo rate by 40 basis points, the banking sector mimicked the same by increasing interest rates in lending and deposit schemes. Here's a list of banks that have raised their interest rates on either lending benchmarks or fixed deposits or savings after RBI's repo rate hike. It said on its website, "ICICI Bank External Benchmark Lending Rate" is referenced to RBI Policy Repo Rate with a mark-up over Repo Rate. Bank of Baroda: Interest rates on various loans linked with Baroda's repo-linked lending rate have been hiked from May 5, 2022.

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