SBI reduces FD rates by 40bps

State Bank of India (SBI) has reduced interest rate on its term deposits of most maturities by 40 basis points (100bps = 1 percentage point). Following the revision, the highest return offered by the bank is 5.4% on deposits of over five years. On bulk deposits, SBI has reduced returns by half a percentage point.

Via:: TOI – Top News

Can open malls, hotels if Centre okays: K’taka

The Karnataka government is in favour of opening up malls, hotels, restaurants and cinema halls after May 31, when Lockdown 4.0 ends, provided the Centre agrees. Giving an indication to this effect on Wednesday, Karnataka chief minister BS Yediyurappa told reporters here: “I’ve written to the Centre seeking permission to open hotels, restaurants and malls. I’m awaiting their reply. I am hopeful that we will get permission.”

Via:: TOI – Top News

Day after row, Rahul lauds Maha work on Covid-19

A day after his statement that the Congress was “only supporting” and “not running” the Maharashtra government sparked talk of a rift in the Maha Vikas Aghadi, Rahul Gandhi spoke to state environment minister and son of CM Uddhav Thackeray, Aaditya, saying “Maharashtra is doing good work on tackling Covid-19” and calling for a further increase in testing.

Via:: TOI – Top News