OBC not to hike interest rates now

Statesman News Service
NEW DELHI, March 31: With Banks preferring to wait and ticker before tinkering with their involvement rates, public sector Asian Depository Financial Institution of Commerce (OBC) today said that its rates were at par with other Banks that had recently reduced their loaning rates. "Most of our loaning is sub-PLR (prime loaning rates)," OBC executive manager director, Mister Alan Pareira, said on the outs of-bounds of a meeting organised by the bank. However, he said that the depository fiscal institution would look at the involvement rates after the financial consequences were announced.