Dena Bank cuts deposit rates by 50 basis pointsDena bank rolls back by 50 basis points on its deposit rates
Apnaloan.com Research Bureau
10 Aug 2007
Dena Bank has reduced interest rates on Dena Diamond deposit scheme by 50 basis points to 9 per cent from 9.5%. P L Garodia, Chairman and Managing Director, Dena Bank was quoted in DNA saying the rates were slashed to protect bank's margins. He also predicted a rise in lending rates within the next one to two months owing to credit growth.