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Bandhan Bank cuts deposit rates with effect from March 31

Bandhan Bank cuts deposit rates with effect from March 31

Friday, March 31, 2017, 3:53 PM

Bandhan Bank has revised its deposit rates downwards by up to 50 basis points, narrowing the interest rate differential with other banks like State Bank of India and HDFC Bank. The Kolkata-based lender, which is one of the two latest entrants in the universal banking space along with IDFC Bank, now offers 7.50% for one-year deposits compared with 7.80% earlier.
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