State Bank of India has decreased interest rates on its 444-day special fixed deposit plan by 20 basis points, setting the rate at 7.05%. This decision follows the central bank’s reduction of policy rates. Simultaneously, SBI has lowered interest rates on loans linked to external benchmarks by 25 basis points, effective April 15, reflecting improved liquidity in the banking system.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is