New overnight, one-month, six-month rates are 7.90 per cent, 8.15 per cent and 8.60 per cent respectively, the bank said in a release.
For six-month tenor, OBC is offering MCLR of 8.60 per cent as against earlier rate of 8.70 per cent.
Last week, Bank of Maharashtra also reduced its MCLR for one-year tenor loan by 10 basis points to 8.60 per cent.
In the second bi-monthly monetary policy review announced on June 6, the Reserve Bank of India (RBI) had reduced repo rate by 25 basis points to 5.75 per cent.
This was the third consecutive repo rate cut by RBI, with cumulative reduction of 75 basis points in 2019, so far.