Start learning 50% faster. Sign in now
State Bank of India has increased interest rate on its bulk term deposits (Rs 2 crore and above) by 40-90 basis points, with effect from May 10. Bajaj Finance, a non-banking finance company, has also increased fixed deposit rates by upto 10 bps. The increase in interest rate on deposits comes close on the heels of the monetary policy committee (MPC) sharply revising the benchmark repo rate upwards by 40 basis points to 4.40% in an off-cycle meeting to tame rising inflation. The maximum increase by SBI is 90 basis points, in the 5–10-year tenure and three years to less than 5 years’ tenure. The interest rates in these two buckets have moved up to 4.50% as against 3.60% earlier. Bulk deposits for 46 – 179 days’ tenor and 180 – 210 days’ tenor will fetch an interest rate of 3.50% as against 3 and 3.10% earlier, respectively. Deposits with 211 days to less than a year tenor will have an interest rate of 3.75%.
The graphs of the equations 3x-20y-2=0 and 11x-5y +61=0 intersect at P(a,b). What is the value of (a² + b² − ab)/(a² − b²...
When positive numbers x, y and z are divided by 31, the remainders are 17, 24 and 27, respectively. When (4x - 2y + 3z) is divided by 31, the remainder ...
You are provided with three sequences below. Determine the values of P, Q, and R, and then identify the relationship among them.<...
If (a + b) = 1 and (1/a) – 2b = 5/a then find the value of a2 + b2.
Length of each side of a rhombus is 13 cm and one of the diagonal is 24 cm. What is the area (in cm2) of the rhombus?
If 70% of ‘y’ is 25% more than 30% of 140, then value of ‘y’ is:
If the seven-digit number 94x29y6 is divisible by 72, then what is the value of (2x+3y) for x ≠ y?