Bank of Baroda hikes deposit rates by up to 0.65%
MDT/PTI 13 August 2012

BoB's interest rate on the 1,111 days deposits of up to Rs1 crore has been hiked to 9.15% from the earlier 8.5%

 
Mumbai: State run Bank of Baroda on Monday hiked deposit rates on select maturities by up to 0.65%, reports PTI.
 
In a statement, the bank said it is hiking interest rates in view of the "sticky inflation and entrenchment of inflationary expectations."
 
As part of the revision, rate on the 1,111 days deposits of up to Rs1 crore has been hiked to 9.15% from the earlier 8.5%, the bank said in a filing to the BSE.
 
The rate hike is applicable from today.
 
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