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  • Merger of PSBs: Not aware of any specific consolidation proposal, says FM Piyush Goyal Feb 07, 2019 04:05 PM IST

    Merger of PSBs: Not aware of any specific consolidation proposal, says FM Piyush Goyal

    This clarification comes on the back of a media report which said the government is planning to merge PNB, OBC and Punjab & Sind Bank.

  • Is there another change in the prompt corrective action framework? Feb 02, 2019 12:53 PM IST

    Is there another change in the prompt corrective action framework?

    While Oriental Bank of Commerce has been removed from PCA, RBI has clarified that the government has infused sufficient capital in the entity, bringing net NPA to less than 6 percent.

  • Bank of India, OBC, Bank of Maharashtra rally 4-14% after RBI lifts lending curbs Feb 01, 2019 09:34 AM IST

    Bank of India, OBC, Bank of Maharashtra rally 4-14% after RBI lifts lending curbs

    All three banks in total have Rs 8,59,620 crore deposits as of December 31, 2018 of which CASA ratio is 35 percent.

  • Oriental Bank Standalone December 2018 Net Interest Income (NII) at Rs 1,418.75 crore, up  39.38% Y-o-Y Jan 29, 2019 03:37 PM IST

    Oriental Bank Standalone December 2018 Net Interest Income (NII) at Rs 1,418.75 crore, up 39.38% Y-o-Y

  • Market Headstart: Nifty likely to see gap-up opening; 3 stocks which could give 9-12% return Jan 09, 2019 08:34 AM IST

    Market Headstart: Nifty likely to see gap-up opening; 3 stocks which could give 9-12% return

    A gap-up opening is likely as Nifty Futures on Singaporean Exchange were trading over 70 points higher. The futures traded around 10,908-odd levels.

  • Govt infuses Rs 10,882cr in UCO Bank, Syndicate Bank, BoM and Central Bank Jan 01, 2019 08:30 AM IST

    Govt infuses Rs 10,882cr in UCO Bank, Syndicate Bank, BoM and Central Bank

    The government pumped in Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds.

  • Oriental Bank of Commerce to allot up to 5 cr new shares to staff under ESPS Dec 21, 2018 09:34 PM IST

    Oriental Bank of Commerce to allot up to 5 cr new shares to staff under ESPS

    The bank received the approval of shareholders at its extra-ordinary general meeting held on December 21, it said in a regulatory filing.

  • Oriental Bank of Commerce posts Rs 102 cr profit in Q2 Oct 25, 2018 03:05 PM IST

    Oriental Bank of Commerce posts Rs 102 cr profit in Q2

    However, total income of the state-owned lender declined to Rs 4,967.29 crore during the quarter, as against Rs 5,511.70 crore in the same period of 2017-18.

  • OBC turns profitable in Q2 on lower provisions; asset quality improves Oct 25, 2018 01:34 PM IST

    OBC turns profitable in Q2 on lower provisions; asset quality improves

    The bank has reported provisions and contingencies at Rs 1,074 crore, which were lower by 30 percent sequentially and 67 percent YoY.

  • Oriental Bank of Commerce increases MCLR by 0.10% from October 11 Oct 10, 2018 08:20 PM IST

    Oriental Bank of Commerce increases MCLR by 0.10% from October 11

    MCLR for one-year loan tenor, against which most of the retail loans are benchmarked, has been raised to 8.75 percent, from 8.65 percent earlier.

  • Icra downgrades long-term ratings of Oriental Bank of Commerce; outlook negative Sep 17, 2018 08:33 PM IST

    Icra downgrades long-term ratings of Oriental Bank of Commerce; outlook negative

    It has downgraded the long-term rating for the bank's Rs 3,000-crore Basel III compliant tier II bonds to A+ from AA- and Rs 1,200-crore Basel II compliant lower tier II bonds to A+ from AA-.

  • OBC approaches NCLT to initiate insolvency proceedings against Simbhaoli Sugars Sep 10, 2018 10:24 PM IST

    OBC approaches NCLT to initiate insolvency proceedings against Simbhaoli Sugars

    The sugar company informed the OBC has filed an application with the NCLT, Allahabad seeking initiation of the corporate insolvency resolution process under section 7 of the Insolvency and Bankruptcy Code, 2016, it said in a regulatory filing.

  • Oriental Bank of Commerce gets board approval to raise up to Rs 1,000 cr Aug 30, 2018 09:25 PM IST

    Oriental Bank of Commerce gets board approval to raise up to Rs 1,000 cr

    The board of directors of the bank in a meeting held on August 30, 2018, approved the raising of capital from the market through qualified institutions placement (QIP) for an amount not exceeding Rs 1,000 crore, the bank said in a regulatory filing.

  • Oriental Bank standalone Jun-2018 NII at Rs 1,337.62 crore Aug 06, 2018 06:03 PM IST

    Oriental Bank standalone Jun-2018 NII at Rs 1,337.62 crore

    Standalone Net Interest Income (NII) for the quarter was Rs 1,337.62 crore and net loss was Rs 393.21 crore.

  • Oriental Bank standalone Jun'18 NII at Rs 1,337.62 crore Jul 25, 2018 03:36 PM IST

    Oriental Bank standalone Jun'18 NII at Rs 1,337.62 crore

    Standalone Net Interest Income (NII) for the quarter was Rs 1,337.62 crore and net loss was Rs 393.21 crore.

  • OBC narrows Q1 loss at Rs 393 cr; other income, operating profit fall sharply; NPA rises Jul 25, 2018 01:01 PM IST

    OBC narrows Q1 loss at Rs 393 cr; other income, operating profit fall sharply; NPA rises

    Asset quality weakened further with gross non-performing assets as a percentage of gross advances rising to 17.89 percent in Q1FY19 against 17.63 percent in previous quarter and net NPA climbing to 10.63 percent versus 10.48 percent QoQ.

  • Electrosteel allots shares worth Rs 7,400 cr to lenders; SBI gets largest chunk Jun 06, 2018 06:00 PM IST

    Electrosteel allots shares worth Rs 7,400 cr to lenders; SBI gets largest chunk

    The shares allotted to Indian Overseas Bank, SREI Infrastructure & Finance Ltd and Oriental Bank of Commerce ranged from 4.43 percent to 4.63 percent of the total shares allotted. The rest of the lenders got less than 4 percent each.

  • Oriental Bank of Commerce Q4 net loss widens to Rs 1,650 crore May 12, 2018 03:40 PM IST

    Oriental Bank of Commerce Q4 net loss widens to Rs 1,650 crore

    For the full financial year, the bank reported a net loss of Rs 5,871.74 crore. It had registered a net loss of Rs 1,094.07 crore in the preceding 2016-17 fiscal.

  • Nifty likely to correct to 10,460, OBC a good short-term sell Apr 20, 2018 08:09 AM IST

    Nifty likely to correct to 10,460, OBC a good short-term sell

    “Chart patterns suggest that the Nifty breaking out 10,600 is unlikely as of now” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management.

  • Nifty to move higher above 10,210; top 5 stocks which can give up to 11% return Apr 02, 2018 09:11 AM IST

    Nifty to move higher above 10,210; top 5 stocks which can give up to 11% return

    "On weekly scale, Index has formed 'Bullish' candlestick pattern around support of 9950 levels after four consecutive 'Bear' candle which is a bullish setup. Trading above 10210 or below 9950 levels would dictate the trend on either side," says Rajesh Agarwal of AUM Capital.

  • Market Update: Broader indices back in green as Nifty PSU bank jumps 3%; Andhra Bank, BoI spike 8% Mar 13, 2018 10:06 AM IST

    Market Update: Broader indices back in green as Nifty PSU bank jumps 3%; Andhra Bank, BoI spike 8%

    The Nifty PSU banking index jumped 3.66 percent led by Bank of India which zoomed over 9 percent intraday on the back of recovery of Rs 7,000 crore from other banks. Punjab National Bank was up 4.3 percent while Andhra Bank zoomed over 5 percent.

  • CBI case against Simbhaoli Sugars first registered in 2015: OBC Feb 26, 2018 02:15 PM IST

    CBI case against Simbhaoli Sugars first registered in 2015: OBC

    "First complaint to CBI was filed on September 3, 2015 and amended complaint was filed on November 17, 2017. The case has now been registered as per procedures," the bank said in a regulatory filing.

  • Sell Bank of Baroda, Canara Bank, JSW Steel: Ashwani Gujral Feb 19, 2018 02:10 PM IST

    Sell Bank of Baroda, Canara Bank, JSW Steel: Ashwani Gujral

    Ashwani Gujral of ashwanigujral.com recommends selling Bank of Baroda, Canara Bank and JSW Steel.

  • Buy HUL, Balkrishna Industries, sell Oriental Bank of Commerce, BPCL: Mitessh Thakkar Feb 14, 2018 02:33 PM IST

    Buy HUL, Balkrishna Industries, sell Oriental Bank of Commerce, BPCL: Mitessh Thakkar

    Mitessh Thakkar of miteshthacker.com is of the view that one can buy Balkrishna Industries and can sell Oriental Bank of Commerce.

  • Nifty Bank cracks 3.5%, react negatively to recap plan; Brokerages pick SBI as top PSU bet Jan 25, 2018 10:58 AM IST

    Nifty Bank cracks 3.5%, react negatively to recap plan; Brokerages pick SBI as top PSU bet

    A total of Rs 35,828 crore will be infused into nine banks that haven't triggered prompt corrective action (PCA), including State Bank of India (SBI), Punjab National Bank and Bank of Baroda, among others, while Rs 52,311 crore will be pumped into 11 banks that have triggered PCA, including IDBI, Central Bank of India, and UCO Bank.

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