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Oriental Bank Of Commerce


'Oriental Bank Of Commerce' - 195 News Result(s)

  • Why Jaitley is 'Disturbed' with Public Sector Banks

    Why Jaitley is 'Disturbed' with Public Sector Banks

    Credibility is of extreme importance Mr Jaitley stressed while adding that that the government is acting upon professionalising banks. Banks must endeavour to raise their standards, he added.

  • Oriental Bank Shares Slump on Rs 180-Crore Fixed-Deposit Scam

    Oriental Bank Shares Slump on Rs 180-Crore Fixed-Deposit Scam

    Oriental Bank of Commerce Chairman SL Bansal told NDTV that a government department had remitted Rs 180 crore with the bank, but did not ask for a fixed deposit receipt (FDR) for 20 days. The branch manager allegedly told the depositor that he was ne...

  • Nifty Edges Lower After Hitting a New High, PSU Banks Drag

    Nifty Edges Lower After Hitting a New High, PSU Banks Drag

    Shares in Dena bank and Oriental Bank of Commerce (OBC) fell as low as 5 per cent on reports that Mumbai-based branches of these banks have misappropriated funds to the tune of Rs. 436 crore.

  • Dena Bank, OBC Fall on Reports of FD Scam

    Dena Bank, OBC Fall on Reports of FD Scam

    Shares in Dena bank and Oriental Bank of Commerce (OBC) fell as low as 5 per cent on Wednesday on reports that Mumbai-based branches of these banks have misappropriated funds to the tune of Rs 436 crore.

  • OBC Falls 2% on Asset Quality Worries

    OBC Falls 2% on Asset Quality Worries

    OBC's gross NPA increased to 4.33 per cent of total advances as against 3.99 per cent reported last quarter and 3.36 per cent in the same period last fiscal. Its net NPA as a percentage of total advances stood at 3.11 per cent as against 2.82 per cen...

  • PFC, REC Likely to Hit Record Highs: Manghnani

    PFC, REC Likely to Hit Record Highs: Manghnani

    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...

  • State-Run Banks Gain on RBI Panel Report

    State-Run Banks Gain on RBI Panel Report

    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.

  • OBC Q4 net rises marginally to Rs 310 crore

    OBC Q4 net rises marginally to Rs 310 crore

    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.

  • Oriental Bank raises fixed deposit rates by up to 3.25%

    Oriental Bank raises fixed deposit rates by up to 3.25%

    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.

  • Oriental Bank of Commerce to raise Rs 1,000 crore from bonds

    Oriental Bank of Commerce to raise Rs 1,000 crore from bonds

    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.

  • Oriental Bank of Commerce Q3 net falls 31 per cent to Rs 224 crore

    Oriental Bank of Commerce Q3 net falls 31 per cent to Rs 224 crore

    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.

  • Oriental Bank launches Aadhaar-based KYC services

    Oriental Bank launches Aadhaar-based KYC services

    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.

  • RBI designates 29 bank branches to collect advance income tax

    RBI designates 29 bank branches to collect advance income tax

    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.

  • OBC raises fixed deposit rates by up to 0.5 per cent

    OBC raises fixed deposit rates by up to 0.5 per cent

    Oriental Bank of Commerce (OBC) has raised fixed deposits rate on select maturities by up to 0.5 per cent.

  • OBC net dips 16.8% to Rs 251 crore in Q2

    OBC net dips 16.8% to Rs 251 crore in Q2

    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.

  • Finance Ministry mulls additional fund infusion of up to Rs 5,000 crore in banks: report

    Finance Ministry mulls additional fund infusion of up to Rs 5,000 crore in banks: report

    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 ...

  • PNB, Oriental Bank cut rates on car, consumer goods loans

    PNB, Oriental Bank cut rates on car, consumer goods loans

    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.

  • Oriental Bank cuts interest rate on consumer goods, vehicle loans

    Oriental Bank cuts interest rate on consumer goods, vehicle loans

    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.

  • IDBI Bank, OBC raise deposit rates by up to 1.50 per cent

    IDBI Bank, OBC raise deposit rates by up to 1.50 per cent

    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.

  • OBC seeks Rs 1,600-crore capital support from government

    OBC seeks Rs 1,600-crore capital support from government

    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...

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