PNB, Bank of Baroda, Oriental Bank of Commerce Cut Base Rate by Up to 0.40%

New Delhi: State-run lenders Punjab National Bank, Bank of Baroda and Oriental Bank of Commerce have trimmed their base or minimum lending rates by up to 0.40 per cent in response to RBI's policy rate cut. Punjab National Bank (PNB) cut the base rate by 0.40 per cent, Bank of Baroda (BoB) by 0.25 per cent, while Oriental Bank of Commerce (OBC) slashed the rate by 0.20 per cent. "Base rate cut by 40 bps from 10 per cent to 9.60 per ...