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OBC reduces base rate by 0.25%
July 12, 2013July 12, 2013by In Infrastructure Finance

OBC reduces base rate by 0.25%

Following the meeting with Finance Minister P Chidambaram some of the public sector banks are reducing their base rates. The recent bank to join the club is Oriental Bank of Commerce (OBC), which trimmed its base rate by 25 basis points, or 0.25 percentage points, from 10.25 per cent to 10 per cent. The reduction in the interest rate woul