Oriental Bank of Commerce cuts interest rate on rupee export credit

Oriental Bank of Commerce, one of the nationalized bank in India, has slashed its lending rate on rupee export credit by 25 basis points. The Chairman & Managing Director of Oriental Bank of Commerce (OBC) Mr S.L.Bansal said that the benefit of the reduced rates would be available on all existing and future rupee export credit with effect from July 1, 2012.

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