Banks hike FD interest rates ahead of festive season - Moneycontrol

This is also in line with the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) stance in the last three meetings. The RBI had hiked the repo rate by 140 basis points (bps).

Ahead of the festive season, several banks in India have raised their deposit rates to fund the demands for loans. This is also in line with the Reserve Bank of India's (RBI) Monetary Policy Committe… [+1760 chars]

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