document management services - sbi interest rates predictions 2012, sbi interest rates forecast 2012-2013 : SBI said interest rates on non-resident (external) rupee (NRE) term deposits would be raised by up to 574 basis points across maturities from January 1. The maximum tenure for these deposits has been increased from five to 10 years.
For NRE term deposits less than Rs 1 crore, SBI would offer a uniform 9.25 per cent across maturities. The bank would pay 8.75-9 per cent on deposits above Rs 1 crore, depending on the tenure. The new rates would apply on fresh deposits and renewal of maturing deposits. The bank would not pay any interest if such deposits are withdrawn before a year.
Bank of India raises interest rates on NRE term deposits
Public Sector Bank of India on Thursday said it would raise interest rates on non-resident external (NRE) accounts up to 9 percent from the new year. On one-to-two-year term deposits, the bank will offer annual interest rate of 9 percent effective from Jan 1, 2012, as compared to the existing rates of 3.82 percent, the bank said in a regulatory filing to the Bombay Stock Exchange. read more
SBI trims housing loan processing fee
Country's largest lender State Bank of India has halved the home loan processing fee, a move which could be followed by other public sector lenders in the coming days. The bank has slashed processing fee on home loan above Rs 75 lakh to Rs 10,000 from Rs 20,000, while for loans between Rs 30-75 lakh, the fees has been reduced to Rs 6,500 from Rs 10,000 earlier, a senior SBI official said. read more
SBI may defer raising $5 bn to next fiscal
he country’s largest lender, State Bank of India (SBI), is unlikely to go ahead with a plan to raise $5 billion by selling dollar bonds in global markets this financial year because companies are no longer shopping around for high-value loans—a reflection of both the high interest rates and the poor investment climate in the country. The bank may revisit its plan in 2012-13. read more
0.25% cut in interest rates likely: SBI
In view of inflation coming down, the interest rates are likely to soften by about 25 bps (basis points) in the ensuing Reserve Bank of India (RBI) policy review, said A Krishna Kumar, managing director and group executive (NB) of State Bank of India (SBI). read more..
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