OBC Bank Slashes 1-Year MLCR Rate To 8.7%

Oriental Bank has touched an intraday high of Rs 235.25 and an intraday low of Rs 230. At 10:59 hrs the share was quoting at Rs 230.65, down Rs 6.65, or 2.80%. Manappuram Finance has touched an.

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OBC slashes one-year MCLR by 5 bps to 8.70% The bank has revised the marginal cost based lending rate (MCLR) for three loan tenors with effect from June 11, 2019, it said in a regulatory filing.

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Oriental Bank of Commerce (OBC) has raised fixed deposits rate on select maturities by up to 0.5 per cent. Term deposit with maturity of 91-179 days would earn a 0.25 per cent higher interest rate.

Oriental Bank of Commerce offers quite decent interest rates for fixed deposits. Starting from the highest interest rate it gives 7.00 Percent flat for any period between 1 to 10 years (certainly on maturity). Coming down from this period, it gives 6.50 Percent interest rate for a period over 9 months and 8 Percent from 6-9 months.

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On Tuesday, the public sector bank Oriental Bank of Commerce said it has cut its one-year MCLR or marginal cost of funds based lending rate by 5 basis points to 8.7%.

Oriental Bank of Commerce, a leading public bank, has reduced short-term rates on retail deposits. The cut is specific to its deposit schemes of 46 days to 90 days. The interest rate for this product now stands at 7.5%, signifying a 0.50% reduction from the previous rate of 8.00%.

Oriental Bank Of Commerce FD Calculator. For medium term deposit, the interest rate is 8.00% per annum for a tenure period of 270 days to 1 year. The interest rate is 8.60% per annum for a tenure period of 1 year to 2 years.

State-run United Bank of India (UBI) has brought down its marginal cost of funds-based lending rates (MCLRs) by 5 basis points (bps) for various tenors up to one year, except six months tenor, with effect from July 17.

Check Oriental Bank of commerce fixed deposit interest rates now. Compare and apply online for OBC FD Schemes at PaisaBazaar.com for higher returns. <p>The Oriental Bank of Commerce is a public bank that was nationalized in 1980.

Marginal Cost of Funds based Lending Rate (MCLR) As per RBI guidelines, all floating rate rupee loans sanctioned and credit limits renewed wef April 1, 2016 are priced with reference to the Marginal Cost of Funds based Lending Rate (MCLR). The Bank reviews and publishes the internal benchmark MCLRs on a monthly basis.