Dena Bank Cuts Deposit Rates By Up To 50 Basis Points

New Delhi: Public sector lender Dena Bank has slashed interest rates on deposits by up to 0.5 percentage point on select maturities from Monday. "The bank revises interest rates on domestic term deposits with effect from November 21," it said in a release. For maturities of 180-270 days, interest has been cut by 50 basis points to 6.50 per cent. One basis points equals to 0.01 percentage point. While for maturities in range of 271...