OBC cuts interest rates on deposits under ₹1 cr
State-owned lender Oriental Bank of Commerce (OBC) on Friday said that it has cut interest rates for deposits less than ₹1 crore across various maturity periods in a range of 0.25-0.5% with effect from March 28. This comes against the backdrop of the government's recent interest rate cut on small savings schemes and RBI's upcoming monetary policy meet in April.