BMC invests only Rs 1 cr in Axis Bank from Rs 6,300 crore savings

The BMC has invested Rs one crore in the Axis Bank, which has offered an annual interest rate of 6.5 per cent, as per the document presented by the civic administration to the BMC's standing committee. The document indicates that the FD amount invested by the BMC in the Axis Bank is the lowest among all its investments made in nine banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/32MvzDG