Oriental bank of Commerce targets net interest margin of over 3%
State-owned Oriental Bank of Commerce is targeting a net interest margin of over 3% this year following signs of revival in some of the key drivers.
Oriental Bank of Commerce has reduced interest rate on Term Deposit for one year to less than two years maturity by 25 bps ie from 9.50% pa to 9.25% pa effective from July 05, 2012.