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.
Apart from retail, the bank will also focus on micro, small and medium enterprises.
Slippages for this quarter has been Rs 4,019 crore, Animesh Chauhan, MD & CEO of Oriental Bank of Commerce told CNBC-TV18.
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).
RS Ramasubramaniam, co-chairman of Feedback Infra, says power requirement has grown by 5 percent in the last 5 years, while availability has historically grown by 6-6.5 percent. Power contraction was around 10 percent in April 2015 versus historical growth rate.
Animesh Chauhan, MD & CEO, OBC talks about the bank‘s performance in the third quarter.