By TM Shyamsunder The insurance industry is one of the oldest industries in the world, but it has been slow to adopt new technologies. However, the emergence of artificial intelligence (AI) has presented an opportunity for insurers to revolutionize the way they operate. AI has the potential to improve risk assessment, streamline processes, reduce costs, […]
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BoI offers 7.5 per cent interest rate on 175-day special fixed depositBoI offers 7.5 per cent interest rate on 175-day special fixed deposit
State-run Bank of India (BoI) on Tuesday introduced a new bulk deposit scheme offering 7.50 per cent per annum on deposits of Rs 2 crore and above having a 175-day tenure. The city-based bank was offering an interest rate of 6 per cent for a similar amount for 174-day deposits earlier. The new offer is […]