Millennium Post

Yes Bank raises key rates after RBI move

Yes Bank, the country's fourth largest private sector lender, Wednesday hiked lending and deposit rates, a day after the Reserve Bank of India (RBI) kept key policy rates unchanged and cut growth forecast.

Yes Bank said it will hike its deposit rates by 0.25 percent to 0.5 percent in select tenors effective from 1 August. The bank has also decided to hike its base rate by a quarter percent to 10.75 percent effective from Thursday. This will make lending by the bank costlier.
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