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  • OBC Q2 profit seen down 60%, treasury gains may remain strong

    Public sector lender Oriental Bank of Commerce (OBC) is expected to report profit at Rs 119.4 crore in Q2, down 60.4 percent compared with Rs 301 crore in year-ago period.

  • Expect credit growth to rise to 10%; slippages to reduce: OBC

    Expect credit growth to rise to 10%; slippages to reduce: OBC

    Slippages for the Q1 were Rs 3,464 crore, which are mostly from the iron & steel and textile industries, says Animesh Chauhan, MD & CEO of OBC. Total slippages from the restructured books stood at near Rs 1,500 crore.

  • OBC Q1 net seen down 45%, NII likely at Rs 1339 cr

    OBC Q1 net seen down 45%, NII likely at Rs 1339 cr

    Gross non-performing asset (NPA) below 10 percent will be positive

  • Do not see much problems in shipbuilding, construction: OBC

    Do not see much problems in shipbuilding, construction: OBC

    Slippages for this quarter has been Rs 4,019 crore, Animesh Chauhan, MD & CEO of Oriental Bank of Commerce told CNBC-TV18.

  • Declared 80% of AQR requirements as NPA in Q3: OBC

    Declared 80% of AQR requirements as NPA in Q3: OBC

    Speaking to CNBC-TV18, Animesh Chauhan, MD & CEO of the bank says three accounts were put under RBI‘s 5/25 rule and 9 accounts worth Rs 1,500 were added under strategic debt restricting (SDR).

  • Have Rs 1000 cr of NPAs in iron & steel sector: OBC

    Have Rs 1000 cr of NPAs in iron & steel sector: OBC

    Animesh Chauhan, MD and CEO of Oriental Bank of Commerce says the bank's slippages have declined to Rs 770 crore versus Rs 1600 crore quarter-on-quarter (QoQ).

  • Steel loans not a worry; NPAs to decline by year end: OBC

    Steel loans not a worry; NPAs to decline by year end: OBC

    Chauhan tells CNBC-TV18 that profitability should be good as the net interest income and net interest margin of the bank is improving.

  • Do not expect restructuring in next quarter: OBC

    Do not expect restructuring in next quarter: OBC

    The bank incurred one-time loss of Rs 280.40 crore in the quarter as it sold Rs 395.33 crore of loans to asset reconstruction companies (ARCs).

  • Overall Oriental Bank numbers decent; net NPA down: Angel

    Overall Oriental Bank numbers decent; net NPA down: Angel

    Overall numbers of OBC look decent, says Vaibhav Agrawal of Angel Broking. The higher provisioning has enabled the bank to bring down its net NPA, he says.

  • Will focus on upgradations; see Rs1k cr slippage in Q4: OBC

    Will focus on upgradations; see Rs1k cr slippage in Q4: OBC

    Animesh Chauhan, MD & CEO, OBC talks about the bank‘s performance in the third quarter.

  • Asset quality poor; will revise OBC target price: Angel

    Asset quality poor; will revise OBC target price: Angel

    Vaibhav Agrawal, VP - research banking, Angel Broking says on the asset quality front, the numbers were especially disappointing. Slippages must have been high, he adds.

  • Autos, banks, telecom: Experts decode Q2FY15 performance

    Autos, banks, telecom: Experts decode Q2FY15 performance

    Nischal Maheshwari, Head of Research, Edelweiss Securities is positive on Allahabad Bank and OBC from the banking pack and sees them performing well in the future.

  • OBC nos disappointing but valuations comforting: HDFC Sec

    OBC nos disappointing but valuations comforting: HDFC Sec

    Darpin Shah of HDFC Securities said that while the increase in gross NPA and fall in adjusted profits for Oriental Bank of Commerce was disappointing, the stock was still compelling from a valuation perspective, and that we would maintain a ‘buy‘ as of now, subject to further details emanating from the numbers.

  • Expect NIM at around 2.7% in H2FY15: Oriental Bank

    Expect NIM at around 2.7% in H2FY15: Oriental Bank

    In an interview to CNBC-TV18, Suresh N Patel, ED, Oriental Bank of Commerce, discusses the bank‘s results and its plans ahead.

  • OBC Q2 profit may rise 14% to Rs 285.4 cr: CNBC-TV18 Poll

    OBC Q2 profit may rise 14% to Rs 285.4 cr: CNBC-TV18 Poll

    Net interest income is seen falling 2 percent to Rs 1,257.5 crore in the quarter ended September 2014 compared to Rs 1,281 crore in same quarter last year.

  • YES Bank, IndusInd to post good Q2 results: Edelweiss

    YES Bank, IndusInd to post good Q2 results: Edelweiss

    Nilesh Parikh Edelweiss Financial Services recommends buying OBC given its valuations.

  • Despite weak Q3 nos, OBC unlikely to raise base rates: CMD

    Despite weak Q3 nos, OBC unlikely to raise base rates: CMD

    SL Bansal of OBC believes it is difficult to pass on the increased lending rate to the customer as it will cause a lot of stress on the borrower.

  • OBC Q3 profit may fall 25% to Rs 244 cr: Poll

    OBC Q3 profit may fall 25% to Rs 244 cr: Poll

    The CNBC-TV18 poll of analysts expect net interest income to rise 9 percent to Rs 1,309 crore from Rs 1,204.4 crore and profit after tax may fall 25 percent to Rs 244 crore from Rs 326.4 crore year-on-year.

  • Here's how Religare is reading BoB, BoI Q2 earnings

    Here's how Religare is reading BoB, BoI Q2 earnings

    Siddharth Teli believes Bank of Baroda is good bet in the PSU banking space as there has been some upgrade in the earnings and there is a possibility of an uptick in margins going ahead.

  • Eye 14% growth in FY14, won't raise lending rates soon: OBC

    Eye 14% growth in FY14, won't raise lending rates soon: OBC

    OBC's SL Bansal expects the public sector lender to grow around 14 percent in FY14. The bank is unlikely to raise its lending rates in the next 45 days as that will hurt its profit required to sustain in the long-run, he adds.

  • Oriental Bank Q2 PAT may dip 20.2% at Rs 241 cr: MOST

    Oriental Bank Q2 PAT may dip 20.2% at Rs 241 cr: MOST

    According to Motilal Oswal, Oriental Bank of Commerce's NII is expected to decrease by 1.2 percent Q-o-Q (up 11.6 percent Y-o-Y) to Rs 1,291.2 crore.

  • Won't revise rates soon; aim to maintain NIM at 2.85%: OBC

    Won't revise rates soon; aim to maintain NIM at 2.85%: OBC

    Cash flows are under a lot of pressure which has resulted in a slight increase in gross NPA and net NPA, says OBC CMD SL Bansal. Meanwhile, the bank aims to maintain net interest margin in the range of 2.85-2.87 percent ahead.

  • B/S firm on provisions; 25-bps cut in rates likely: OBC

    B/S firm on provisions; 25-bps cut in rates likely: OBC

    B Nayyar, ED, Oriental Bank of Commerce (OBC) says, in an interview to CNBC-TV18, that the balance-sheet has been strengthened with 63-percent provisioning and adds that a 25-bps cut in deposit rates is likely.

  • OBC Q4 PAT seen up 25% at Rs 330cr

    OBC Q4 PAT seen up 25% at Rs 330cr

    Oriental Bank of Commerce is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's Q4 profit after tax (PAT) is seen up 25 percent to Rs 330 crore versus Rs 265 crore, Y-o-Y.

  • Banking sector results preview for Q4FY13: Motilal Oswal

    Banking sector results preview for Q4FY13: Motilal Oswal

    Motilal Oswal has come with its March`13 quarterly earning estimates for financial sector. The research firm expects reforms and monetary easing to continue, thereby growth is expected to revive gradually.

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