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Vijay banks hikes time deposits rate

Vijaya Bank has raised its time deposit rates by 30 basis points to 8.80 per cent for tenures less than 2 years.

18 Jun 2008

Vijaya Bank has raised its time-deposit rates by 30 basis points to 8.80 per cent for tenures less than 2 years.

The bank said that the rate hike was taken to narrow down liquidity gaps under specific maturity slabs.

The bank will continue to show high advance growth, higher than the industry growth rate. The aim to hike rates is taken in order to accelerate resource mobilisation to sustain the growth. No hike to be seen in lending rates.



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