State Bank of India hikes deposit rates up to 150 basis points
India's largest lender, the government-run State Bank of India Monday hiked its deposit rates by up to 150 basis points, in a move that should encourage deployment of domestic savings in the commercial banking system.
Kolkata-headquartered Allahabad Bank has hiked interest rates on domestic term deposits for a period of one year to less than two years by 50 basis points to 9.50 per cent.