SBM India revamps savings rates to target emerging affluent segment
The segment expanded nearly double the pace of the broader consumer landscape, the bank said. SBM Bank (India) Ltd. has made changes to its savings account structure, changing its deposit rates to 5.5% per annum to 7% per annum in a bid to capture the emerging affluent segment. Customers with balances of over ₹5 Lakhs to ₹10 Lakhs will get…
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