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SBI raises short-term retail fixed deposit rates by up to 75 bps
New Delhi, May 16, 2024. The country’s largest lender, State of India (SBI), has increased interest rates on short-term retail fixed deposits (FDs) by 25 to 75 basis points (bps) – a move which is likely to be followed by other banks. This is the first increase in the fixed deposit rates by the bank…