Indian Bank hikes term deposit rates by 15 bps

Indian Bank hikes term deposit rates by 15 bps. The new rates are effective from October 23 and apply to special term deposits. This move may attract more retail deposits with 15 bps higher yield. Impact on NIMs and loan pricing will be monitored.

📊 STOCKS: $INDIANB | 🏢 SECTOR: Banking | #LOWIMPACT #DepositRates