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Time to lock in your fixed deposit Banks such as State Bank of India, (SBI) ICICI Bank, HDFC Bank, Axis Bank and IDBI Bank have cut interest rates last week on retail term deposits.
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Low oil prices pull down banks' lending Decrease in borrowings has brought down the year-to-date (April-till now) credit to the largest bank, State Bank of India (SBI) by Rs 13, 000 crore.
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