OBC has revised downward its base rate to 10 per cent from 10.25 per cent from May 15
Canara Bank and Oriental Bank of Commerce on Friday have cut base rates to 10 per cent.
"The bank has reduced the base rate or minimum lending by 0.20 per cent to 10 per cent for loans and advances with effect from May 11," Canara Bank said in a statement.
OBC has revised downward its base rate to 10 per cent from 10.25 per cent from May 15.
OBC has also reduced the interest rate on fixed deposit by up to 0.25 per cent on select maturities.
"The bank has reduced the base rate or minimum lending by 0.20 per cent to 10 per cent for loans and advances with effect from May 11," Canara Bank said in a statement.
OBC has revised downward its base rate to 10 per cent from 10.25 per cent from May 15.
OBC has also reduced the interest rate on fixed deposit by up to 0.25 per cent on select maturities.
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