NDTV | Tuesday November 3, 2015
The Nifty made a smart recovery on Monday during the last hours of trade and ended above the psychological mark of 8,000. It ended 15 points lower at 8,050.8. However, changes in options open interest (outstanding position) suggest that Nifty may not hold the 8,000 mark on Tuesday.
Press Trust of India | Wednesday October 28, 2015
Public sector lender Oriental Bank of Commerce on Wednesday said the bonds issued by it have been fully subscribed, garnering Rs 1,000 crore.
Press Trust of India | Monday October 19, 2015
The bonds have been rated CARE AA plus and ICRA AA plus by ratings agencies CARE and ICRA, respectively, the bank said.
Press Trust of India | Sunday October 18, 2015
As a multi-agency probe continues in the alleged forex-based black money case involving thousands of crores of rupees, the Securities and Exchange Board of India (Sebi) and stock exchanges have now begun a scrutiny of several banks for any violation of the disclosure norms for listed firms.
Press Trust of India | Friday October 16, 2015
The agency has also arrested a Ghaziabad-based foreign exchange operator for sending these illegal remittances to these foreign locations.
Press Trust of India | Sunday October 4, 2015
Shareholders of Canara HSBC Oriental Bank of Commerce Life Insurance Company, a life insurance JV, are discussing HSBC Insurance's plan to raise its stake to 49 per cent from the current 26 per cent.
Press Trust of India | Wednesday September 30, 2015
State-run lenders Punjab National Bank, Bank of Baroda and Oriental Bank of Commerce have trimmed their base or minimum lending rates by up to 0.40 per cent in response to RBI's policy rate cut.
Press Trust of India | Friday August 14, 2015
State-owned Oriental Bank of Commerce (OBC) slashed the minimum lending rate, or the base rate, by 0.1 per cent to 9.90 per cent, a move which will lower EMIs for its borrowers.
Press Trust of India | Tuesday August 4, 2015
Oriental Bank of Commerce (OBC) on Tuesday reduced deposit rates for select maturities.
Press Trust of India | Thursday July 30, 2015
Oriental Bank of Commerce reported a 29 per cent drop in net profit at Rs 257.84 crore for April-June quarter of the current fiscal, on higher provisioning for bad debt or non-performing assets (NPAs).
Press Trust of India | Saturday July 25, 2015
In a BSE filing on Saturday, the public sector bank said it has reduced the pricing of short-term deposits of below Rs 1 crore to 6.50 per cent from 6.75 per cent on a maturity of 46 to 90 days.
Thursday May 14, 2015
However, OBC could not deliver a big surprise on the operational front. It reported a loss of Rs 178 crore in the quarter versus Rs 310 crore year-on-year. Analysts said losses were on account of exceptional items.
Saturday May 9, 2015
Joining the rate-cut bandwagon, two state-owned lenders Canara Bank and Oriental Bank of Commerce on Friday cut base rates to 10 per cent, which will lead to lower EMIs for their loan consumers.
Thursday April 30, 2015
In aggregate, three banks have to pay Rs 4.5 crore fine for failing to comply with the guidelines.
Thursday January 29, 2015
OBC's net profit was impacted by higher provisions for bad loan , which increased over 58 per cent year-on-year to Rs 885 crore against Rs 561 crore last fiscal.
Friday January 9, 2015
State-run Oriental Bank of Commerce on Friday said it plans to raise additional Tier-I or equity capital of up to Rs 1,000 crore through private placement of bonds.
Wednesday January 7, 2015
GAIL has written to Oil Ministry saying it will invest monthly accruals in the gas pool account in 271 days deposits of four empanelled banks - State Bank of India, Indian Overseas Bank, Oriental Bank of Commerce and Corporation Bank.
Tuesday December 9, 2014
The CBI is looking into case of cheating and fraud against directors of Biotor Industries, manufacturer of castor oil, for allegedly submitting forged documents to three banks -- Bank of Maharashtra, Oriental Bank of Commerce and Central Bank of India. The Finance Minister said the banks were ad
Monday December 8, 2014
Oriental Bank of Commerce (OBC) has cut interest rates on select deposits by 0.10 per cent to 8.90 per cent.
Wednesday October 29, 2014
The bank's provisioning during the quarter increased to Rs 641 crore from Rs 551 crore in the September quarter of 2013-14 fiscal.
Wednesday October 29, 2014
The banks' bad loans increased to 3.29 per cent of advances in Sept-quarter versus 3.11 per cent in June quarter.
Tuesday October 28, 2014
State-run banks edge higher after government planned to draw up a new process to appoint top officials at lenders.
Monday October 13, 2014
Goldman Sachs upgraded the stock to "buy" from "neutral", citing valuations after recent share falls.
Monday October 13, 2014
With oil at near 3-year low, expect continued outperformance Indian stock markets. Also we expect inflation & interest rates to moderate faster-than-expected.