Deutsche Bank hikes deposit rates by 1.5% On the heels of RBI - TopicsExpress

Deutsche Bank hikes deposit rates by 1.5% On the heels of RBI taking steps to squeeze out liquidity, German lender Deutsche Bank today raised the deposit rates by up to 1.5 per cent. It has increased the interest rate offering on 100 days and 101-180 days buckets to 8.5 per cent, the bank said in a statement. Revised rates are applicable from July 31, it said. The move follows domestic private banks, including YES Bank, HDFC Bank and Axis Bank, which have upped the rates by up to 4 per cent because of the tight liquidity conditions. #DeutscheBank #liquidity #bankdepositeratehike #RBI

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