Bank of Baroda cuts interest rate for select maturity
Source: IRIS | 23 Mar, 2015, 06.07PM
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Rating: NAN / 5 stars. |
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Bank of Baroda has announced that the bank has decided to revise rates of interest payable on Domestic Term Deposits & NRO Deposits of below Rs 10 million, applicable to fresh deposits and renewal, with effect from Mar. 24, 2015. The applicable rate of interest in the maturity range of 181 to 270 days has been reduced from existing 7.75% to 7.65%.
Shares of the bank declined Rs 3.8, or 2.2%, to settle at Rs 169.10. The total volume of shares traded was 438,095 at the BSE (Monday).
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