Oriental Bank of Commerce Cuts Lending Rate

New Delhi: State-owned Oriental Bank of Commerce (OBC) slashed the minimum lending rate, or the base rate, by 0.1 per cent to 9.90 per cent, a move which will lower EMIs for its borrowers. The bank has reduced base rate to 9.90 per cent from 10 per cent with effect from August 17, OBC said in a statement. With the reduction in base rate, all loans linked to the base rate will become cheaper by 0.1 per cent. The reduction in base r...