Comments
Oriental Bank of Commerce (OBC), a public sector lender, has hiked its base rate by 25 basis points to 10.25 per cent from 10 per cent. The bank has also increased the benchmark prime lending rate (BPLR) by 25 basis points to 14.50 per cent from 14.25 per cent. Both these changes will come into effect from Tuesday. Base rate is the minimum lending rate at which the bank offers loans.
OBC had recorded a net interest margin (NIM) of 3.18 per cent as at end March 2011, higher than the NIM level of 2.56 per cent in end-March 2010. In April this year, OBC's Chairman and Managing Director, Mr Nagesh Pydah, had given a NIM guidance of “above 3 per cent” for 2011-12.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.