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Oriental Bank of Commerce

Oriental Bank reveals loan exposure to Nirav Modi, Choksi

The development comes ahead of the OBC's upcoming merger with the Punjab National Bank (PNB) which - in February 2018 - had admitted to a massive fraud perpetrated by Nirav Modi and Choksi running into over Rs 13,500 crore, sending the entire banking industry in a spin.

Sep 06, 2019, 13:30 PM IST

ICRA upgrades outlook on PNB, BoI, 2 other lenders

Following infusion of capital in these banks, their financial health improved leading RBI to remove them from Prompt Corrective Action (PCA).

Mar 15, 2019, 12:40 PM IST

RBI lifts lending curbs on BoI, BoM, OBC

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

Jan 31, 2019, 21:54 PM IST

Government eying merger of four Public Sector Banks amidst rising bad loans

These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.

Jun 05, 2018, 12:28 PM IST

CBI questions Amarinder Singh’s son-in-law over Oriental Bank of Commerce fraud

The Central Bureau of Investigation (CBI) on Thursday questioned Punjab Chief Minister Captain Amarinder Singh’s son-in-law Gurpal Singh in connection with Oriental Bank of Commerce fraud worth Rs 109 crore.

Mar 01, 2018, 17:50 PM IST

PNB scam effect: 6 months after complaint, CBI books jeweller for Rs 389-cr fraud

Case has been booked against Karol Bagh-based Dwarka Das Seth International Pvt Ltd for alleged bank loan fraud to the tune of Rs 389.85 crore

Feb 24, 2018, 13:37 PM IST

OBC to raise Rs 1,000 cr to comply Basel III norms

Being implemented in phases since April 1, 2013, India is expected to fully implement Basel III standards by March 2019.

Oct 30, 2017, 20:32 PM IST

Oriental Bank says under central bank 'corrective action' over bad loans

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.

Oct 08, 2017, 10:37 AM IST

RBI begins 'corrective action' against OBC for high net NPA

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

Oct 07, 2017, 19:36 PM IST

Oriental Bank of Commerce lowers base rate by 0.05% to 9.45%

"This is to inform that the bank has revised the base rate from 9.50 per cent per annum to 9.45 per cent per annum with effect from 03.10.2017," Oriental Bank of Commerce said in a regulatory filing.

Sep 29, 2017, 14:03 PM IST

Oriental Bank of Commerce cuts MCLR by 0.05% for select tenors

The bank said the change of MCLR will come into effect from September 11.

Sep 08, 2017, 19:48 PM IST

OBC plans to raise Rs 1,000 crore via Basel-III bonds

Public sector lender Oriental Bank of Commerce on Tuesday said it will raise up to Rs 1,000 crore by issuing Basel III compliant bonds on private placement basis.

Aug 22, 2017, 18:09 PM IST

OBC's business figure crosses Rs 3.59 lakh cr: Official

The total business figure of Oriental Bank of Commerce (OBC) has crossed Rs 3.59 lakh crore while the total bank deposits stood at Rs 2.10 lakh crores, as on December 31, 2016, a senior company official said on Sunday.

Feb 19, 2017, 22:20 PM IST

Indigo, GoAir made parties in Vijay Mallya case

Indigo and GoAir airline on Friday 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.

Sep 23, 2016, 21:52 PM IST

SBI Card to have more co-branding with other banks

SBI Card, a subsidiary of State Bank of India, would go for co-branding of credit cards with more other banks which do not have big back-office support, an official said.

Jul 07, 2016, 16:00 PM IST

OBC savings account holders to earn interest on monthly basis

A month after RBI's advisory to banks on crediting interest at a shorter interval, state-owned Oriental Bank of Commerce (OBC) on Friday said it has started doing that on monthly basis for savings account holders.

Apr 08, 2016, 18:59 PM IST

OBC cuts interest rates across maturities

 Public sector lender Oriental Bank of Commerce is set to cut interest rates for deposits less than Rs. one crore across maturities in a range of 0.25 to 0.5 percent with effect from March 28.

Mar 26, 2016, 17:15 PM IST

Govt to fill vacant post of chairman in 9 PSBs soon

A senior Finance Ministry official told PTI that the process to fill vacancies of non-executive chairman in nine state-run banks is underway.

Mar 25, 2016, 18:45 PM IST

OBC cuts interest rates on deposits less than Rs 1 cr

For maturities from 31 days to 45 days, the bank has cut interest rate from 6 percent to 5.5 percent for deposits less than Rs 1 crore.

Mar 25, 2016, 17:56 PM IST

OBC's Rs 1,000 cr bonds issue to open tomorrow

The deemed date of allotment will be October 26, 2015.

Oct 20, 2015, 19:44 PM IST