Single Deposit of Rs 2 Crore and More to Qualify as 'Bulk Deposit', Says RBI

In a statement, the RBI said that with a view to enhance the operational freedom of banks in raising deposits, it is proposed to revise the definition of bulk deposits "as single rupee deposits of Rs 2 crore and above".

from Top Business News- News18.com http://bit.ly/2RKsTz7