Quantum's Top Bets to Ride the Market Rally
May 12, 2014
Cost of funds will come down slightly: OBC
Oct 8, 2013
OBC on fixed deposit rate hike
Jul 26, 2013
Monday June 2, 2014
Oriental Bank of Commerce, Canara Bank, Indian Overseas Bank, Andhra bank and UCO Bank are among his top picks in the PSU banking space. Power Finance Company and Rural Electrification Corporation will take out their life highs as these stocks have m...
Wednesday May 14, 2014
State Bank of India was up 0.8 per cent, Oriental Bank of Commerce gained 1 per cent, Punjab National Bank was up 1.4 per cent while Canara Bank surged 2.4 per cent.
Wednesday April 30, 2014
The total income of the bank increased to Rs 5,655.36 crore for the quarter ended March 31, 2014 from Rs 4,564.53 crore in the quarter ended March 31, 2013, OBC said in a statement.
Monday March 3, 2014
Term deposits with maturity of 31-45 days would earn interest rate of 9.25 per cent, higher by 3.25 per cent from existing 6 per cent, OBC said in a statement.
Friday February 28, 2014
The government infused Rs 150 crore by way of preferential allotment in December. This lead to increase in government shareholding in the bank to 59.13 per cent from 58 per cent.
Friday January 31, 2014
Oriental Bank of Commerce (OBC) on Friday reported a 31.2 per cent decline net profit at Rs 224.30 crore for the third quarter that ended on December 2013, on the back of higher provisioning for bad loans.
Saturday January 25, 2014
Oriental Bank of Commerce (OBC) on Saturday announced the launch of Aadhaar-based know your customer (KYC) services to make account opening process hassle free.
Monday November 18, 2013
State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, Allahabad Bank, Punjab National Bank, Oriental Bank of Commerce, Bank of Baroda are among the bank branches that have been designated to collect these advances from tax assessees.
Friday November 1, 2013
Oriental Bank of Commerce (OBC) has raised fixed deposits rate on select maturities by up to 0.5 per cent.
Wednesday October 30, 2013
Total income of the bank rose to Rs 4,987.71 crore during the second quarter, from Rs 4,821.37 crore in the corresponding period a year ago, OBC said in a filing to the BSE.
Friday October 11, 2013
The Finance Ministry is considering additional capital infusion of Rs 4,000-5,000 crore in public sector banks for extending cheaper loans to auto and consumer durables buyers. It is examining the issue extensively and there could be additional fund ...
Tuesday October 8, 2013
Last week, the government had decided to provide additional funds to the PSU banks to enable them extend more credit to auto and consumer durables sectors to stimulate demand and combat slowdown.
Tuesday October 8, 2013
Interest rate on commercial financing of four wheelers (Auto & Taxis) has been reduced to 12 per cent from 12.25 per cent, OBC said in a statement.
Thursday August 15, 2013
State-run lenders IDBI Bank and Oriental Bank of Commerce (OBC) have hiked deposit rates by up to 1.50 per cent in select maturities.
Sunday August 4, 2013
Earlier, the bank had received a capital support of Rs 1,740 crore as part of recapitalisation package in March 2011. The fund was raised through preferential allotment of about 4 crore equity shares of Rs 10 each for cash at an issue price of Rs 422...
Saturday August 3, 2013
Oriental Bank of Commerce (OBC) on Saturday reported a 9.7 per cent drop in its net profit to Rs 353.38 crore in the first quarter ended June 30 on account of higher provisioning.
Wednesday July 24, 2013
State-owned Oriental Bank of Commerce (OBC) has raised fixed deposit rates by up to 0.75 per cent across select maturities on account of tight liquidity situation.
Wednesday July 10, 2013
Oriental Bank of Commerce (OBC) has announced a cut of 0.25 per cent in minimum lending rate to 10 per cent, joining the league of PSU banks which reduced base rate after nudging by Finance Minister P Chidambaram.
Thursday May 16, 2013
The bank cut deposit rate on 91-179 days by 0.25 per cent and on 180-269 days by 0.50 per cent.
Tuesday March 26, 2013
Shares in Indian Overseas Bank Ltd (IOB), Syndicate Bank Ltd and Oriental Bank of Commerce Ltd fell today after Moody's Investors Service on Monday downgraded its standalone bank financial strength ratings (BFSR) for the three public sector banks.