Financial institution of India launches 175-day fastened deposit at 7.5% curiosity for high-value deposits

Financial institution of India (BoI) has launched a 175-day tenor fastened deposit at an curiosity of seven.50 per cent each year for deposits of ₹2 crore & above to lower than Rs.50 crore, amid liquidity tightness within the banking system and credit score progress outstripping deposit progress. This comes on the heels of the State Financial institution of India (SBI) and … Read more