|
BoI
slashes deposit rates
Our
Banking Bureau
3 December 2003
 Mumbai:
Bank of India has reduced the interest rate on rupee deposits
for select maturities by 0.25 percentage points, effective
from 1 December.
However,
interest rates on three-to-five years' maturity period
have been raised by 0.25 percentage points. Recently,
the bank trimmed its prime lending rate by 0.50 percentage
points.
 The
new rates will be applicable only to fresh deposits and
to renewal of maturing deposits, said a press release.
List
of reports on Bank of India
|
