United Bank of India has already declared Kingfisher a wilful defaulter while State Bank of India, Punjab National Bank and IDBI have initiated such a move.
To consider revising interest rates after RBI's review.
The floating rate term deposit product will offer no guarantee on returns, as the interest will change with the revision of base rates.
RBI on Tuesday raised its short-term lending and borrowing rates by 0.25 per cent and 0.50 per cent respectively to bring inflation down to six per cent by March 2011 from double digits now.
Retail and corporate borrowers can breathe easy as bankers today said an immediate hike in lending rates is unlikely, although the RBI tightened monetary policy by raising key rates.
Experts interviewed CMDs of nine public sector banks on Friday and Kamath is believed to be in the reckoning
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The rupee had earlier this month touched a life time low of 61.21 to a dollar.
Mundra fills the vacancy created by the retirement of KC Chakrabarty in April, two months before his five-year tenure was come to an end.
SBI Chairperson Arundhati Bhattacharya said any rate cut by the bank would depend on a lot many factors.
Apart from streamlining loan processing, most public sector banks charge lower interest rate, an aspect which seems to be game changer.
An obscure Indian bank has been an unlikely beneficiary of Western sanctions against Iran, handling billions of dollars from frozen oil payments that boosted its interest margins, but is now having to prepare itself for life after the windfall.
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Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
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