Profit

Interest rates: Banks await cues from RBI

PUBLISHED ON: October 9, 2007 | Duration: 2 min, 17 sec

   
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Deposit rates on money parked by corporates with banks have come down further. During the last seven days before September 30 interest rates on deposits over a crore were earning as high as 9.75 to 9.95 per cent.Now the interest rates have fallen between 9-9.25 per cent, down by 70 to 75 basis points across sectors.
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