OBC Bank Slashes 1-Year MLCR Rate To 8.7%

Public sector lender Oriental Bank of Commerce may cut interest rates for deposits of one year by 50 basis points on Tuesday. Advertising "We will take a call on around 50 basis points cut in deposit rates tomorrow at our Assets and Liabilities Committee (Alco) meet," Oriental Bank Executive Director S C Sinha said on Monday.

OBC slashes one-year MCLR by 5 bps to 8.70% – easyfeezy.com – OBC slashes one-year MCLR by 5 bps to 8.70% Oriental Bank of Commerce June 11 said it has cut marginal cost based lending rate for one-year tenor loan by 5 basis points to 8.70 per cent. The bank has revised the marginal cost based lending rate (MCLR) for three loan tenors with.

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Oriental Bank of Commerce Tuesday said it has cut marginal cost based lending rate for one-year tenor loan by 5 basis points to 8.70 per cent. 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.

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%.

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OBC Bank Slashes 1-Year MLCR Rate To 8.7% PwC Resigns As Auditor Of Reliance Capital, reliance home finance All The Details On The New gst return filing system Transition Plan. Oriental Bank of Commerce (OBC) has raised its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenure for the month of January. It will make retail loans costlier for the customers. Now six-month MCLR stands at 8.70% and that of one year at 8.75%. The revised rates are effective from.

OBC slashes one-year MCLR by 5 bps to 8.7% New Delhi: Oriental Bank of Commerce Tuesday said it has cut marginal cost based lending rate for one-year tenor loan by 5 basis points to 8.70 per cent. 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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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.