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A month after RBI’s rate hike, banks start raising deposit rates as liquidity shrinks, Bank of India the latest to move

Economic Times ·First reported
Economic TimesA month after RBI’s rate hike, banks start raising deposit rates as liquidity shrinks, Bank of India the latest to move
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Domestic banks are beginning to increase their deposit rates due to shrinking liquidity conditions in the market. Bank of India recently announced a rate hike on deposits for various maturities, including a special 500-day option. This decision reflects…

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