Oriental Bank of Commerce has slashed the interest rates on term deposits of Rs 5 crore and above on select maturities by 0.25 per cent.
The bank has slashed the interest rates on maturities of 180-269 days to 8 per cent from 8.25 per cent earlier.
For maturities of 1 year to less than 2 years and between 2 years to less than 3 years, the new deposit rates will be 8.50 per cent each, the bank said in a statement today.
Shares of the bank were trading at Rs 201.10 apiece on the BSE, up 2.26 per cent from the previous close.