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Dena Bank, OBC shares fall amid concerns over Rs 436 cr scam

Dena Bank, OBC shares fall amid concerns over Rs 436 cr scam

Last Updated: Wednesday, August 20, 2014, 17:30

Shares of Dena Bank and Oriental Bank of Commerce plunged up to 5 percent amid concerns related to a suspected scam.

Govt orders forensic audit on OBC, Dena Bank for Rs 436 cr FD scam

Govt orders forensic audit on OBC, Dena Bank for Rs 436 cr FD scam

Last Updated: Wednesday, August 20, 2014, 16:22

The government has initiated a forensic audit at the state-run Oriental Bank of Commerce and Dena Bank after unearthing of a suspected scam, wherein the lenders allegedly misappropriated funds worth Rs 436 crore from their fixed deposit customers.

OBC Q1 net profit rises 3% to Rs 365 crore

Last Updated: Monday, August 04, 2014, 13:42

The bank had reported a net profit of Rs 353.38 crore during the same quarter year-ago, Oriental Bank said in a filing to the BSE.

OBC Q4 net rises marginally to Rs 310 crore

Last Updated: Wednesday, April 30, 2014, 14:28

The state-owned bank's net profit stood at Rs 307.94 crore in the year-ago period.

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

Last Updated: Friday, February 28, 2014, 23:49

The bank intends to raise Tier II capital to the extent of Rs 1,000 crore through issue of Basel III compliant Tier II bonds on private placement basis, OBC said in a BSE filing.

Canara HSBC Oriental launches Smart Monthly Income Plan

Last Updated: Tuesday, December 17, 2013, 15:33

Private insurer Canara HSBC Oriental Bank of Commerce Life Insurance Tuesday launched Smart Monthly Income Plan, a traditional participating product, designed to provide life cover and guaranteed extra income.

OBC raises fixed deposit rates by up to 0.5%

Last Updated: Friday, November 01, 2013, 20:39

Term deposit with maturity 91-179 days would earn 0.25 percent higher interest rate at 8.75 percent, OBC said in a statement.

SBI board approves Rs 2,000 crore capital infusion

Last Updated: Wednesday, October 30, 2013, 21:44

The board of the State Bank of India on Wednesday approved an infusion of Rs 2,000 crore from the government to raise its capital base.

OBC Q2 Net dips 16.8% to Rs 251 crore

Last Updated: Wednesday, October 30, 2013, 13:59

State-run Oriental bank of Commerce (OBC) on Wednesday reported a 16.80 percent decline in net profit at Rs 251.41 crore for the second quarter ended September 2013.

PNB, OBC cut lending rate on car loans; SBI to follow suit

Last Updated: Tuesday, October 08, 2013, 21:01

Within days of government promising more funds to PSU banks, two leading state-owned lenders PNB and Oriental Bank of Commerce (OBC) Tuesday cut interest rate on auto and consumer durable loans by up to 2.50 percent to cash in on festive demand.

Bank manager commits suicide in Kanpur

Last Updated: Tuesday, September 03, 2013, 14:07

A manager at a government bank allegedly committed suicide in Kakadeo area, police said on Tuesday.

IDBI, OBC raise deposit rates by up to 1.50%

Last Updated: Wednesday, August 14, 2013, 21:33

State-run lenders IDBI Bank and Oriental Bank of Commerce Wednesday hiked deposit rates by up to 1.50 percent in select maturities.