Ori­en­tal Bank cuts MCLR

DNA (Daily News & Analysis) Mumbai Edition - - FRONT PAGE -

State-owned Ori­en­tal Bank of Com­merce (OBC) has cut the mar­ginal cost of funds­based lend­ing rate (MCLR) by up to 0.10% for var­i­ous tenors with ef­fect from Tues­day. MCLR for one-month loan and 6-month tenor has been re­duced by 0.10% to 8.35% and 8.60%, re­spec­tively. Like­wise, for one-year tenor loans, MCLR has been de­creased by 0.05% to 8.70% from 8.75% ear­lier. OBC has left MCLR for overnight and 3 month tenor un­changed at 8.30% and 8.50%, re­spec­tively.

Jet shares plunge nearly 11%

Shares of Jet Air­ways Tues­day plum­meted nearly 11% amid re­ports that Hin­duja Group and Eti­had Air­ways may not pro­ceed with plans to res­ur­rect the deb­trid­den air­line. The com­pany’s scrip tum­bled 10.58% to close at Rs 111.95 on the BSE. It plunged 14.41% to Rs 107.15, dur­ing the day.

In­di­a­b­ulls Hous­ing shares tank 8%

Shares of In­di­a­b­ulls Hous­ing Fi­nance Ltd dropped 8% Tues­day fol­low­ing al­le­ga­tions of si­phon­ing off Rs 98,000 crore of pub­lic money. The scrip plunged 7.97% to close at Rs 674.65 on the BSE. Dur­ing the day, it tum­bled 8.77% to Rs 668.70.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.