Yesterday Dena bank unveiled its new rate. The bank has increased its rate on the short term deposits, and on the other hand has reduced the rates on the long term deposits. Prior to the release of the sixth bi-monthly monetary policy review, the bank has declared its rates. The bank reported that for the tenure of 7-45 days the bank has increased the rate by 1-1.75% and for the tenure of 45 days and more the bank has reduced the rates by 0.20-0.25%. |