BoB slashes deposit rates by 25 bps news
Our Banking Bureau
30 March 2002
Mumbai: Bank of Baroda has reduced its deposit rates by 25 basis points across various maturities. The bank has, however, left its prime-lending rate unchanged at 11 per cent.

For deposits less than Rs 15 crore, for the duration of 15-45 days the rate is unchanged at 5.5 per cent. On all other maturities, rates have been reduced by 25 basis points. For 46-90 days, the rate is now 6 per cent; for 91-180 days: 6.25 per cent; for 181-one year: 6.5 per cent; for one-two years: 7.25 per cent; for two-three years: 7.5 per cent; and for three years and above the rate is 7.75 per cent.

For deposits of 15 lakh to Rs 1 crore, for the duration of seven-14 days the rate is 4.75 per cent; for 15-45 days: 5.75 per cent; for 46-90 days: 6.25 per cent; for 91-180 days: 6.5 per cent; for 181 days-one year: 6.5 per cent; for one-two years: 7.25 per cent; for two-three years: 7.5 per cent; and for three years and above the rate is 7.5 per cent.

 


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BoB slashes deposit rates by 25 bps