APEC 2017 summit was held in the city ‘Da Nang, Vietnam’ under the theme of ‘Creating New Dynamism, Fostering a Shared Future’. APEC is the forum of 21 pacific region countries, headquartered at Singapore, which promotes free trade in the Asia-pacific region.

The bank rateis the rate of interest at which banks takelong term loansfrom Reserve Bank of India (RBI) by putting no collateral security. It is the rate at which RBI rediscounts the bills of exchange and government securities held by the commercial banks. For controlling the credit, inflation and money supply, RBI increases the bank rate.

Schedule bank’s account can be treated as inoperative account only after 2 years from the date of the last credit entry of interest on Fixed Deposit account as per RBI guidelines.

Bank of Baroda has signed a Memorandum of Understanding (MoU) with POORTI (Platform for Online Ordering & Rural Transformation of India) Agri Services Pvt. Ltd to enable farmers to purchase agricultural inputs like fertilizers, pesticides, seeds etc.POORTI provides a multi-party mobile commerce platform in vernacular for easy ordering of fertilizers, pesticides, seeds (beyond a given value) by farmers with loans given by various banks.