2017-10-18 :Oriental Bank of Commerce to cut base rate on home loan
Oriental Bank of Commerce has revised the base rate from 9.50 per cent per annum to 9.45 percent per annum with effect from 03.10.2017. The reduction in base rate will benefit all those home loan borrowers, who had availed home loans before April 1, 2016.
2017-10-09 :OBC falls by 4% as RBI initiates corrective action over bad loans
Shares of Oriental Bank of Commerce fell as much as 4.3 per cent because of the corrective action over bad loans by the RBI. As a measure, the bank has stopped taking risky exposure to certain sectors and will restrict its fresh advances to companies with BBB or higher ratings.
2017-09-11 :Oriental Bank of Commerce cuts one year MCLR rate to 8.40 per cent
The Oriental Bank of Commerce has revised the marginal cost of fund based lending rate (MCLR) to 8.40 per cent from earlier 8.45 per cent. The bank has also revised its 6 months MCLR to 8.30 per cent from the earlier 8.35 per cent. Whereas, the MCLR rate for period of three months, one month and overnight maturity remained unchanged at 8.25 per cent, 8.20 per cent and 8.10 per cent respectively.
2017-06-12 :Oriental Bank slashes MCLR by 20 bps for various tenors
Oriental Bank has slashed its marginal cost of funds based lending rate (MCLR) by 20 bps for various tenors. For overnight, the new MCLR will be 8.10 per cent, while for one month and three months maturities new MCLR will be priced at 8.20 per cent and 8.25 per cent, respectively and for six months and one year, the new MCLR are set at 8.35 per cent and 8.50 per cent, respectively. The new rates are effective from 12th June, 2017.
2015-11-03 :OBC profit up 3.4% on higher credit demand
OBC reported a 3.4 % growth in net profit on an annual basis as a result of a healthy pick-up in the credit demand.
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