scorecardresearchSBI, ICICI Bank raise foreign currency deposit rates

SBI, ICICI Bank raise foreign currency deposit rates

Updated: 13 Jul 2022, 09:32 AM IST
TL;DR.
SBI raised deposit rates between 25 basis points and 85 basis points, while ICICI hiked the bulk deposit rates by a minimum of 75 basis points
SBI managing director-retail Alok Choudhary said the bank expects an increase in inflows after the hike.

SBI managing director-retail Alok Choudhary said the bank expects an increase in inflows after the hike.