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  Business   Companies  29 Sep 2017  Oriental Bank of Commerce lowers base rate by 0.05 per cent

Oriental Bank of Commerce lowers base rate by 0.05 per cent

PTI
Published : Sep 29, 2017, 2:08 pm IST
Updated : Sep 29, 2017, 2:08 pm IST

Bank has revised the base rate from 9.50 pc per annum to 9.45 pc per annum with effect from 03.10.2017.

 The stock was trading at Rs 120.50 on the BSE on Friday, up 0.54 per cent from its previous close.
  The stock was trading at Rs 120.50 on the BSE on Friday, up 0.54 per cent from its previous close.

New Delhi: Public lender Oriental Bank of Commerce (OBC) on Friday announced a reduction of 0.05 per cent in its base rate, or minimum lending rate, to 9.45 per cent with effect from October 3.

"This is to inform that the bank has revised the base rate from 9.50 per cent per annum to 9.45 per cent per annum with effect from 03.10.2017," Oriental Bank of Commerce said in a regulatory filing.

 

The stock was trading at Rs 120.50 on the BSE on Friday, up 0.54 per cent from its previous close.   

Tags: oriental bank of commerce, interest rate, rate cut
Location: India, Delhi, New Delhi