Yes Bank raises savings deposit rate to 6 pct

MUMBAI |
Tue Oct 25, 2011 6:23pm IST

MUMBAI (Reuters) – Private sector lender YES Bank said on Tuesday it has raised savings deposit rate for all savings accounts by 200 basis points to 6 percent.

It has also raised base rate by 25 basis points to 10.5 percent, effective immediately, it said in a press release.

Earlier in the day, the Reserve Bank of India (RBI) deregulated savings deposit rates, its last administered bank rate.

(Reporting by Swati Pandey)

Article source: http://feeds.reuters.com/~r/reuters/INtopNews/~3/cnJg9KGeYB0/idINIndia-60114120111025

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