Oriental Bank of Commerce hails RBI move on export credit refinance

Aafter the RBI’s policy review announcement on Monday, the Chairman & Managing Director of Oriental Bank of Commerce (OBC) Mr S.L. Bansal said that the bank will be eligible for an additional Rs 900 crore of export credit refinance.

This additional refinance eligibility will augment the liquidity of the bank, but not immediately trigger any reduction in export credit rates. OBC is likely to review its base rate in the first week of July, Mr Bansal said.

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