The move comes a day after the Reserve Bank of India delivered another interest rate hike of 0.25 per cent on Wednesday. Deposit rates generally trail the lending rates, where the transmission happens first courtesy a bulk of new loans being made under external benchmarks like the RBI's repo rate.source https://economictimes.indiatimes.com/industry/banking/finance/banking/kotak-mahindra-bank-hikes-interest-rates-of-fixed-deposits-by-up-to-0-25/articleshow/97781011.cms
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