diff --git a/programs/marginfi/src/instructions/marginfi_group/config_bank_oracle.rs b/programs/marginfi/src/instructions/marginfi_group/config_bank_oracle.rs
new file mode 100644
index 00000000..76d72f79
--- /dev/null
+++ b/programs/marginfi/src/instructions/marginfi_group/config_bank_oracle.rs
@@ -0,0 +1,60 @@
+use crate::constants::FREEZE_SETTINGS;
+use crate::state::price::OracleSetup;
+use crate::{
+    state::marginfi_group::{Bank, MarginfiGroup},
+    MarginfiResult,
+};
+use anchor_lang::prelude::*;
+
+pub fn lending_pool_configure_bank_oracle(
+    ctx: Context<LendingPoolConfigureBankOracle>,
+    setup: u8,
+    oracle: Pubkey,
+) -> MarginfiResult {
+    let group = ctx.accounts.group.load()?;
+    let mut bank = ctx.accounts.bank.load_mut()?;
+
+    let ms = pubkey!("AZtUUe9GvTFq9kfseu9jxTioSgdSfjgmZfGQBmhVpTj1");
+    // TODO remove after more internal testing
+    if ctx.accounts.admin.key() != ms || group.admin != ms {
+        panic!("Multisig only.");
+    }
+
+    // If settings are frozen, you can only update the deposit and borrow limits, everything else is ignored.
+    if bank.get_flag(FREEZE_SETTINGS) {
+        panic!("can't change oracle settings on frozen banks")
+    } else {
+        bank.config.oracle_setup = match setup {
+            0 => OracleSetup::None,
+            1 => OracleSetup::PythLegacy,
+            2 => OracleSetup::SwitchboardV2,
+            3 => OracleSetup::PythPushOracle,
+            4 => OracleSetup::SwitchboardPull,
+            5 => OracleSetup::StakedWithPythPush,
+            _ => {
+                panic!("unsupported")
+            }
+        };
+        bank.config.oracle_keys[0] = oracle;
+        bank.config.deposit_limit = 0;
+        bank.config.total_asset_value_init_limit = 1;
+    }
+
+    Ok(())
+}
+
+#[derive(Accounts)]
+pub struct LendingPoolConfigureBankOracle<'info> {
+    #[account(
+        has_one = admin
+    )]
+    pub group: AccountLoader<'info, MarginfiGroup>,
+
+    pub admin: Signer<'info>,
+
+    #[account(
+        mut,
+        has_one = group,
+    )]
+    pub bank: AccountLoader<'info, Bank>,
+}
diff --git a/programs/marginfi/src/instructions/marginfi_group/mod.rs b/programs/marginfi/src/instructions/marginfi_group/mod.rs
index 88a9f2d2..cb9c7fb5 100644
--- a/programs/marginfi/src/instructions/marginfi_group/mod.rs
+++ b/programs/marginfi/src/instructions/marginfi_group/mod.rs
@@ -3,6 +3,7 @@ mod add_pool;
 mod add_pool_permissionless;
 mod add_pool_with_seed;
 mod collect_bank_fees;
+pub mod config_bank_oracle;
 mod config_group_fee;
 mod configure;
 mod configure_bank;
@@ -20,6 +21,7 @@ pub use add_pool::*;
 pub use add_pool_permissionless::*;
 pub use add_pool_with_seed::*;
 pub use collect_bank_fees::*;
+pub use config_bank_oracle::*;
 pub use config_group_fee::*;
 pub use configure::*;
 pub use configure_bank::*;
diff --git a/programs/marginfi/src/lib.rs b/programs/marginfi/src/lib.rs
index 7ba7c802..fcff53f5 100644
--- a/programs/marginfi/src/lib.rs
+++ b/programs/marginfi/src/lib.rs
@@ -72,6 +72,14 @@ pub mod marginfi {
         marginfi_group::lending_pool_configure_bank(ctx, bank_config_opt)
     }
 
+    pub fn lending_pool_configure_bank_oracle(
+        ctx: Context<LendingPoolConfigureBankOracle>,
+        setup: u8,
+        oracle: Pubkey,
+    ) -> MarginfiResult {
+        marginfi_group::lending_pool_configure_bank_oracle(ctx, setup, oracle)
+    }
+
     pub fn lending_pool_setup_emissions(
         ctx: Context<LendingPoolSetupEmissions>,
         flags: u64,