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OBC withdraws additional rate of interest to Senior Citizens on domestic term deposits

15 Feb 2013 Evaluate

Oriental Bank of Commerce (OBC) has withdrawn additional rate of interest to Senior Citizens on domestic term deposits of Rs 1 crore and above with effect from February 25, 2013. Earlier, the bank had reduced the base rate by 15 basis points (bps) from 10.40% per annum to 10.25% per annum with effect from February 25, 2013.

Oriental Bank of Commerce is a Government of India undertaking whose business activities includes monetary intermediation of commercial banks, saving banks and discount houses.

Peers
Company Name CMP
State Bank Of India 954.00
PNB 109.90
Bank Of Baroda 231.75
Canara Bank 118.50
Union Bank Of India 168.00
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