OBC cuts rates on bulk deposits by 0.25%
Oct 07 2013 , New Delhi
"...Has informed BSE that the Bank has reduced interest rate on term deposit of Rs 1 Crore and above having maturity of 180 days to less than two years by 25bps (0.25 per cent) from 9.25 per cent to 9 per cent," OBC said in a BSE filing.
The bank siad the new rates will be applicable from October 8, 2013.
Shares of the bank today closed at Rs 152.75 apiece on the BSE, up 0.36 per cent from the previous close.