OBC hikes PLR by 50 bps, Q1 net at Rs 220.50 cr

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New Delhi, Jul 25 (UNI) Oriental Bank of Commerce today said it has raised its prime lending rate (PLR) by 50 basis points to 13.75 per cent from 13.25 per cent with effect from July 15.

The Bank's net profit for the first quarter ended June 2008 stood at Rs 220.50 crore, it said in a statement.

UNI SG SBA HS2108

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