Question
Which bank has introduced a 175-day tenor fixed deposit
at an interest of 7.50 per cent per annum for deposits of ₹2 crore & above to less than Rs.50 crore?Solution
Bank of India (BoI) has introduced a 175-day tenor fixed deposit at an interest of 7.50 per cent per annum for deposits of ₹2 crore & above to less than Rs.50 crore, amid liquidity tightness in the banking system and credit growth outstripping deposit growth.
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