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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.
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 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.
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.
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.