Stocks To Watch: Bandhan Bank, GSK Consumer, IDBI Bank, SBI

Gold Silver Reports (GSR) – Stocks To Watch: Bandhan Bank, GSK Consumer, IDBI Bank, SBI — Indian equity benchmarks rose for second straight day led by banks after the government reduced its borrowings for April-September by half. Strong global markets on the back of easing U.S.-China trade tensions also aided gains.

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SBI Raises Bulk Deposit Rate by 1 Percentage Point

Gold Silver Reports – State Bank of India (SBI) raised interest rates on bulk deposits by 1 percentage point in certain categories, effective Thursday.

India’s largest lender increased interest rates by 1 percentage point across all maturities for bulk deposits greater than Rs1 crore. It left rates for deposits below Rs1 crore unchanged—these were last reduced by 25 basis points on 1 November.  

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