Syndicate Bank, OBC, Bank of India raise rates by up to 0.15%
The MCLR of six-month tenor will bear interest rate of 8.45 per cent, up 0.10 per cent from current rate of 8.35 per cent. BoI said the enhanced rates would come into effect from June 10, 2018. Oriental Bank of Commerce (OBC) has raised its lending rates for select tenors by up to 0.15 per cent to be effective from June 11.
For loans of one year tenor, the rate has been increased by 0.15 per cent to 8.65 per cent and that for 6-months, it has been raised by similar quantum to 8.60 per cent. Image source: PTI