Question

    Which bank has introduced a 175-day tenor fixed deposit

    at an interest of 7.50 per cent per annum for deposits of ₹2 crore & above to less than Rs.50 crore? 
    A Union Bank of India Correct Answer Incorrect Answer
    B Bank of India Correct Answer Incorrect Answer
    C Central Bank of India Correct Answer Incorrect Answer
    D Indian Overseas Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Bank of India (BoI) has introduced a 175-day tenor fixed deposit at an interest of 7.50 per cent per annum for deposits of ₹2 crore & above to less than Rs.50 crore, amid liquidity tightness in the banking system and credit growth outstripping deposit growth.

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