Kotak Mahindra Bank hikes interest rates of fixed deposits by up to 0.25%

The move comes a day after the Reserve Bank of India delivered another interest rate hike of 0.25 per cent on Wednesday. Deposit rates generally trail the lending rates, where the transmission happens first courtesy a bulk of new loans being made under external benchmarks like the RBI's repo rate.

from Banking/Finance-Industry-Economic Times https://ift.tt/w3vTF0A