Private sector lender Kotak Mahindra BankBSE -3.39 % is unlikely to reduce its savings bank deposit rate this fiscal, a top official said today.
"We will maintain the 6 per cent rate for some time. We have no plans to change the rate this fiscal," president for consumer banking KVS Manian told reporters on the sidelines of a bank event here.
He said the bank has more than doubled its savings account base over the last 18 months, ever since the Reserve Bank deregulated interest rates on the product helping it tap into the market with an aggressive offering.
Read more >>Click here
No comments :
Post a Comment