Oriental Bank News

Companies

Oriental Bank of Commerce posts Rs125.9 crore profit in Q2

OBC’s interest income rises 13.9% year-on-year to Rs4,878 crore in the three months ended SeptemberShares of Oriental Bank of Commerce gain 1.8% to close at Rs50.40

1 min read22 Oct 2019
Industry

Govt announces sweeping governance reforms for PSU bank boards

Public sector banks enabled to do succession planning; non-official directors to perform role analogous to independent directorsBank boards given flexibility to fix sitting fee of independent directors

2 min read30 Aug 2019
Industry

RBI imposes fine of ₹1.5 cr on Oriental Bank of Commerce

RBl imposed an aggregate penalty of ₹1.5 crore on the bank for failure to classify and report the account of Kingfisher Airlines Limited as fraudThe aforesaid penalty is required to be paid within 14 days from the date of receipt of the RBI order

1 min read3 Aug 2019
Companies

Oriental Bank of Commerce posts ₹112.7 crore net profit in Q1

Bank’s gross NPAs declined to 12.56% in Q1 from 17.89% a year ago and net NPA fell to 5.91% from 10.63% a year agoOBC’s interest income grew 15% to ₹4,919.82 crore in the three months ended 30 June from a year earlier

1 min read22 Jul 2019
Industry

Oriental Bank of Commerce cuts MCLR by 0.10% for various tenors

MCLR for one-month loan and 6-month tenor has been reduced by 0.10% to 8.35% and 8.60%, respectivelyThe announcement came after RBI cut the repo rate by 25 basis points in its bi-monthly policy meeting last week

1 min read11 Jun 2019
Market

RBI PCA banks: Queue to check out of Hotel California is slowly forming

With the government augmenting its bank recapitalisation plan, Bank of India, Oriental Bank of Commerce and Corporation Bank now have a strong chance to exit RBI PCA framework

2 min read4 Jan 2019
Companies

Oriental Bank in talks to sell stake in life insurance JV

While Oriental Bank hasn't disclosed the valuation of its stake in Canara HSBC Oriental Bank Life Insurance, it has hired ICICI Securities as manager for the potential stake sale

2 min read28 Nov 2018
Industry

Finance ministry expects 3-4 banks to be out of PCA this fiscal: Report

Of the 21 state-owned banks, 11 are under the PCA framework, which imposes lending and other restrictions on weak lenders

2 min read25 Nov 2018
Industry

Heads of 11-state owned banks to appear before parliamentary panel on Tuesday

Heads of 11-state owned banks to apprise the parliamentary panel about mounting bad loans, increasing frauds

1 min read24 Jun 2018
Industry

Govt weighs merger of Bank of Baroda, IDBI Bank, Oriental Bank, Central Bank

If the bank merger plan goes through, the resulting entity will become the second largest bank in the country after State Bank of India, with combined assets of 16.58 trillion

1 min read4 Jun 2018
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