Public sector lender, Oriental Bank of Commerce has said that any decision regarding hike of loan rates would be after discussion with other banks. The bank has however ruled out any chances of further hike in deposit rates.

"We may have to increase our lending rates, but we have not finalised anything. We will work in tandem with the banking system," OBC Chairman and Managing Director Nagesh Pydah said.

"The deposit rates have reached a level where we want it to be. At the moment we do not have any plan to hike them," Pydah said.

The bank has reported a 41% growth in net profits for the third quarter of this fiscal figuring to Rs 408.25 crore as compared to Rs 289.43 crore in the corresponding quarter last year.

"We have a credit-deposit ratio of 70.32 per cent which is safe. While our credit has gone up by 15.59 per cent year-on-year, the deposits are up by 16.79 per cent," he said.