Kotak Mahindra Bank Cuts FD Interest Rates Following RBI’s Repo Rate Reduction
In an unexpected move for customers, Kotak Mahindra Bank has instantly modified interest rates on fixed deposits (FD) just hours after the Reserve Bank of India (RBI) lowered the repo rate. A private-sector lender reduced the rates for specific tenure FD by up to 15 basis points while leaving depositors bothered regarding lower returns from … Read more