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It had also cut the cash reserve ratio - or the reserves commercial banks need to maintain with the RBI - by half a percent in December.

The rate on savings accounts offered to the average customer of Bank of America, to choose a commercial bank at random, is 0.01% a year.

TD Bank is the tenth-largest commercial bank in the U.S., with 1,100 branches along the Eastern Seaboard from Maine to Florida.

The tanker spilled its contents in front of a commercial bank, leading to an explosion.

It overturned on Wednesday morning on a main road in front of a commercial bank, spilling petrol before bursting into flames.