Oriental Bank Of Commerce

Oriental Bank Under RBI's 'Corrective Action' Over Bad Loans

Thomson Reuters | Sunday October 8, 2017

Oriental Bank is the seventh state-run lender to be put under a corrective action plan, which requires a bank to enact curbs on hiring, branch expansion and taking on new loans.

RBI Initiates 'Corrective Action' Against Oriental Bank Of Commerce

Press Trust of India | Saturday October 7, 2017

The move will place various restrictions on the public sector lender including on fresh loans and dividend distribution.

Trading Calls: Buy Tata Motors, Oriental Bank Of Commerce, Says Expert

Tuesday July 25, 2017

Gains during Tuesday's session were led by buying in metal and banking stocks.

Banking Stocks Drag Sensex 166 Points Lower, Nifty Settles At 9,616

NDTV Profit Team | Monday June 12, 2017

Public sector banks led the selloff in markets today with Bank of Baroda, Bank of India, Canara Bank, Oriental Bank of Commerce falling as much as 4 per cent.

Oriental Bank Of Commerce: Exam For SO Recruitment On 26 May 2017, Download Call Letter

Jobs | Written By Maitree Baral | Tuesday May 16, 2017

Oriental Bank of Commerce will conduct examination for recruitment to the post of Specialist Officer on 26 May 2017. Call letters have been issued by the Bank.

Oriental Bank of Commerce: Apply For SO Post Before April 26

Jobs | Edited by Maitree Baral | Friday April 14, 2017

Oriental Bank of Commerce (OBC) has released official notification for Specialist Officers recruitment project 2017-2018. With a total of 120 vacancies announced, the recruitment will be done for Senior Manager (FA) - Chartered Accountant, Taxation), Senior Manager (FA)- Chartered Accountant Ind AS Cell, Manager (FA) - Chartered Accountant and Assi...

Trading Calls: Buy Vedanta, Oriental Bank Of Commerce, Says Analyst

Thursday January 19, 2017

BSE Sensex and Nifty struggled for gains on Thursday amid lacklustre global markets. But there was a lot of action in the broader markets with BSE smallcap and midcap indices edging higher.

Villagers Hold Bank Officials Hostage In Haryana's Jind For Only Handing Out Rs 2,000 Notes

India News | Written by Snigdha Basu | Sunday December 4, 2016

Amid the continuing scramble for cash, especially after payment of salaries at the beginning of the month, some areas have witnessed tension and chaos.

OBC Q2 Net Profit Dips 49% To Rs 153 Crore

Press Trust of India | Wednesday November 9, 2016

The bank's net profit stood at Rs 301.31 crore in the July-September quarter of 2015-16.

3 Arrested For Withdrawing Rs 43 Lakh From Dead Man's Bank Account

India News | Press Trust of India | Saturday October 22, 2016

Three persons have been arrested for fraudulently withdrawing an amount of around Rs 43 lakh from the bank account of a man who died in 2013 here, police said, adding that a hunt was on for two more accused.

OBC, United Bank Of India Cut Lending Rates By Up To 0.15%

Press Trust of India | Friday October 7, 2016

The OBC has reduced marginal cost of funds based lending rate (MCLR) by up to 0.15 per cent.

Oriental Bank Of Commerce To Raise Rs 500 Crore Via Bonds

Press Trust of India | Thursday September 29, 2016

State-owned Oriental Bank of Commerce on Thursday said it will raise Rs 500 crore through an issue of additional Tier 1 bonds which will open for subscription on Friday.

IndiGo, GoAir Made Parties In Vijay Mallya Case

Press Trust of India | Friday September 23, 2016

IndiGo and GoAir airline filed objections to interim applications of the consortium of banks led by Oriental Bank of Commerce, which pleaded before the Debt Recovery Tribunal under garnishee proceedings to direct the budget carriers to deposit the money to be paid to Airbus with it instead of paying to the aircraft maker in the Vijay Mallya case.

Oriental Bank Of Commerce Raises Rs 1,000 Crore Via Bond Allocation

Press Trust of India | Monday September 19, 2016

State-owned Oriental Bank of Commerce (OBC) on Monday said it has raised Rs 1,000 crore, which will be added as Basel III-compliant capital.

Oriental Bank's Rs 1,000-Crore Bonds Issue Open's Today

Press Trust of India | Friday June 17, 2016

Public sector lender Oriental Bank of Commerce today said the subscription to its proposed issue to raise Rs 1,000 crore capital through tier-II bonds opens today.

Oriental Bank of Commerce To Raise Rs 1,000 Crore Through Bonds

Press Trust of India | Monday June 13, 2016

Oriental Bank of Commerce on Monday said it will raise up to Rs 1,000 crore by issuing bonds on a private placement basis.

Oriental Bank of Commerce Posts Net Profit Of Rs 21.62 Crore In Q4

Press Trust of India | Wednesday May 11, 2016

Public sector lender Oriental Bank of Commerce (OBC) on Wednesday reported a profit of Rs 21.62 crore in March quarter as against a net loss of Rs 178.44 crore in the corresponding period of 2014-15, on the account of tax gain.

SBI, Other State-Run Banks Yet To Raise Rs 22,257 Crore: Government

Press Trust of India | Sunday May 1, 2016

Several public sector banks including State Bank of India (SBI) are yet to raise funds totalling over Rs 22,000 crore from markets, for which they were granted permission by the government way back in December 2014.

Oriental Bank of Commerce to Raise Rs 178 Crore

Press Trust of India | Saturday April 16, 2016

Oriental Bank of Commerce on Saturday said it will raise over Rs 178 crore by issuing shares to LIC (Life Insurance Corporation) on a preferential basis.

Union Bank of India Raises Rs 1,000 Crore Via Bonds

Press Trust of India | Wednesday March 30, 2016

Public sector lender Union Bank of India on Tuesday said it has raised Rs 1,000 crore by issuing bonds on private placement basis.

Oriental Bank of Commerce Cuts Interest Rates On Deposits

Press Trust of India | Friday March 25, 2016

Public sector lender Oriental Bank of Commerce on Friday said it has cut interest rates for deposits less than Rs 1 crore across maturities in a range of 0.25 to 0.5 per cent with effect from Monday.

Government To Fill Vacant Post Of Chairman In 9 PSU Banks Soon

Press Trust on India | Friday March 25, 2016

The Finance Ministry is in the process of filling vacant post of non-executive chairman in nine public sector banks, including Punjab National Bank, Oriental Bank of Commerce, UCO Bank and Corporation Bank.

ICRA Revises Ratings of 5 Bonds of Oriental Bank of Commerce

Press Trust of India | Friday February 19, 2016

Limited visibility on capital availability to fully support credit growth while meeting the regulatory minimum requirement also constrains the rating, it added.

Oriental Bank of Commerce Shares Sink on Q3 Loss

NDTV Profit Team | Thursday February 11, 2016

Gross non-performing loans of Oriental Bank increased 38 per cent sequentially to Rs 11,825 crore. As a percentage of total advances, gross non-performing loans stood at 7.75 per cent against 5.70 per cent sequentially.

Nifty Likely to Face Pressure at Higher Levels

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.

OBC's Rs 1,000 Crore Bond Issue Subscribed Fully

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.

Oriental Bank of Commerce to Raise 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.

Forex Scam: Banks Face Sebi Scrutiny for Disclosure Lapses, Says Report

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.

No Financial Loss to Bank in Money Laundering Case: Oriental Bank

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.

Shareholders Take Up HSBC Insurance's Stake-Raising Plan

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.