Bank of Baroda Cuts Down FCNR (B), NRE Rates

Bank of Baroda cuts down its interest rates on dollar and rupee
dominated NRI deposits from March 03, 2007.

Interest Rates on FCNR (B), deposits in US dollar with the maturity
periods between one year to two year, two to three years, and
three to four years tenors, have been revised to 4.97%, 4.77%
and 4.71%, respectively.

They were 4.99%, 4.8% and 4.73% earlier. Interest rates on NRE
term deposits have dropped down by 0.02% to 0.03% on different
maturities from April 3.

The company’s shares are performing excellently with a hike
by Rs 0.85, or 0.42% at Rs 201.80. The total number of shares
traded amounted to 92,486. (12.36 p.m, Tuesday).

Photo: Banking Hall, Guardian Building, Griswold Street, Detroit, MI by w_lemay, licensed under CC BY-SA 2.0, via Wikimedia Commons.