Month: January 2025

Bank of Baroda has revised its interest rates on domestic bulk fixed deposits

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Bank of Baroda has revised its interest rates on domestic bulk fixed deposits (FDs) ranging from ₹3 crore to ₹10 crore, effective January 1, 2025. citeturn0search0 The updated rates are as follows: - 7 to 14 days: 5.00% These rates apply uniformly to both general and senior citizen depositors. citeturn0search3 For deposits below ₹3 crore, … Read more

Development in the Banking Sector

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Here are some recent developments in the banking sector: Major U.S. Banks Exit Climate Alliance: Citigroup and Bank of America have joined Wells Fargo and Goldman Sachs in exiting the Net-Zero Banking Alliance (NZBA). This move is influenced by pressures from Republican policymakers opposing restrictions on fossil fuel financing. Despite leaving the NZBA, these banks … Read more