SBI Fixed Deposit interest rates hiked by by up to 10 bps
Meanwhile, shares of SBI jumped as much as 4.4 per cent to Rs 299.25, highest since February 9, on interest rate hike.
More than 18.8 million shares changed hands, compared with
the 30-day moving average of 16.2 million. Up to last close, the SBI
stock had fallen 7.5 pct, compared with Nifty Bank Index's gain of 8.2
per cent.
Last week, State Bank of India share price rallied over 5
per cent after it expressed expectation to recover half of the assets
that turned sour in the initial 12 large bad loan accounts that were
identified for bankruptcy resolution.
The stock had gained as much as 5.26 per cent to Rs 285.75
on the BSE, as SBI share price was rallying for last 8 sessions in a
row. SBI scrip, however, was down 12.3 per cent this year as of last
close, while the broader Nifty remained 5.7 per cent in the same period.
SBI Fixed Deposit interest rates hiked by by up to 10 bps
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Oleh
EHUBINFO.COM