RBI imposes fine of Rs 1.5 crore on Oriental Bank of Commerce
NEW DELHI: Oriental Bank of Commerce on Saturday said the Reserve Bank of India (RBI) has imposed a fine of Rs 1.5 crore on it for delay in reporting fraud in the Kingfisher Airlines account. This is to inform that the RBl in exercise of powers conferred under various sections of the Banking Regulation Act, […]
Oriental Bank of Commerce increases MCLR by 0.10%
NEW DELHI: State-owned Oriental Bank of Commerce (OBC) has raised the marginal cost of funds based lending rate (MCLR) by 0.10 per cent for various tenors with effect from Thursday. “This is to inform that the bank has revised MCLR for different tenors with effect from October 11,” the bank said in a regulatory filing. […]