Bank of Baroda hikes FD rates day after SBI

Bank of Baroda has increased interest rates on short-term deposits by up to 125 basis points (100bps = 1 percentage point). The move comes a day after the country’s largest lender SBI increased rates on some maturities of fixed deposits by 50bps. BoB will now offer 4.25% on fixed deposits from one week to 14 days as against 3%...