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Oriental Bank Of Commerce Ltd (ORBC.NS)

ORBC.NS on National Stock Exchange of India

105.25INR
5:07am GMT
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Rs-1.15 (-1.08%)
Prev Close
Rs106.40
Open
Rs105.00
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Rs105.30
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Rs103.35
Volume
1,089,431
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5,286,627
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Rs110.00
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Rs58.00

Latest Key Developments (Source: Significant Developments)

Oriental Bank Of Commerce Gets Shareholders' Nod To Issue Shares Worth Up To 55 Bln Rupees To India Govt
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Oriental Bank Of Commerce Ltd ::GETS SHAREHOLDERS' NOD TO ISSUE 572.3 MILLION SHARES WORTH UP TO 55 BILLION RUPEES TO INDIA GOVERNMENT.  Full Article

Oriental Bank Of Commerce Says Co Gets 11.86 Bln Rupees From Govt Of India
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Oriental Bank Of Commerce Ltd ::GETS 11.86 BILLION RUPEES FROM GOVERNMENT. OF INDIA IN PREFERENTIAL ALLOTMENT OF EQUITY SHARES.AMOUNT USED TO MAKE LOAN LOSS PROVISION TO BRING DOWN NET NPA RATIO BELOW THRESHOLD UNDER PCA FRAMEWORK.  Full Article

India's Oriental Bank Of Commerce Posts Dec Quarter Net Profit
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Oriental Bank Of Commerce Ltd ::DEC QUARTER NET PROFIT 1.45 BILLION RUPEES VERSUS NET LOSS OF 19.85 BILLION RUPEES LAST YEAR.DEC QUARTER INTEREST EARNED 45.62 BILLION RUPEES VERSUS 42.62 BILLION RUPEES LAST YEAR.DEC QUARTER GROSS NPA 15.82 PERCENT VERSUS 17.24 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 7.15 PERCENT VERSUS 10.07 PERCENT PREVIOUS QUARTER.DEC QUARTER PROVISIONS AND CONTINGENCIES 37.20 BILLION RUPEES VERSUS 27.12 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS FOR NPA 40.82 BILLION RUPEES VERSUS 23.40 BILLION RUPEES LAST YEAR.ORIENTAL BANK OF COMMERCE LTD - TAX BENEFIT OF 28.62 BILLION RUPEES IN DEC QUARTER.  Full Article

India's Enforcement Directorate Attaches Amount In Shell Co Bank Accounts In Hong Kong In JNPT-OBC Bankfraud Case
Friday, 4 Jan 2019 

Jan 4 (Reuters) - INDIA'S ENFORCEMENT DIRECTORATE::ATTACHES AMOUNT EQUIVALENT TO 418.7 MILLION RUPEES IN BANK ACCOUNTS OF SHELL COS IN HONG KONG IN JNPT-OBC BANKFRAUD CASE.  Full Article

India Finmin Source Says Govt Set To Release Bank Recap Funds Before End Of Dec
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - :INDIA GOVERNMENT SET TO RELEASE 286.15 BILLION RUPEES TOWARDS FRESH TRANCHE OF STATE-RUN BANK RECAPITALISATION - FINMIN SOURCE.INDIA FINMIN SOURCE SAYS UNITED BANK OF INDIA LIKELY TO GET 21.59 BILLION RUPEES, CENTRAL BANK OF INDIA TO GET 16.78 BILLION RUPEES.INDIA FINMIN SOURCE SAYS BANK OF INDIA LIKELY TO GET 100.86 BILLION RUPEES, UCO BANK TO GET 30.56 BILLION RUPEES.INDIA FINMIN SOURCE SAYS ORIENTAL BANK OF COMMERCE LIKELY TO GET 55 BILLION RUPEES, BANK OF MAHARASHTRA TO GET 44.98 BILLION RUPEES, SYNDICATE BANK TO GET 16.38 BILLION RUPEES.INDIA FINMIN SOURCE SAYS GOVERNMENT SET TO RELEASE FUNDS BEFORE END OF DECEMBER.  Full Article

Oriental Bank Of Commerce Plans To Sell Stake In Joint Venture
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Oriental Bank Of Commerce Ltd ::INTENDS TO DIVEST STAKE IN CANARA HSBC ORIENTAL BANK OF COMMERCE LIFE INSURANCE COMPANY LIMITED.  Full Article

India's Oriental Bank Of Commerce Posts Sept-Qtr Net Profit Of 1.02 Bln Rupees
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Oriental Bank Of Commerce Ltd ::SEPT QUARTER NET PROFIT 1.02 BILLION RUPEES VERSUS NET LOSS OF 17.50 BILLION RUPEES LAST YEAR.SEPT QUARTER INTEREST EARNED 42.90 BILLION RUPEES VERSUS 44.52 BILLION RUPEES LAST YEAR.SEPT QUARTER PROVISIONS AND CONTINGENCIES 10.74 BILLION RUPEES VERSUS 32.81 BILLION RUPEES LAST YEAR.SEPT QUARTER PROVISIONS FOR NPAS 8.32 BILLION RUPEES VERSUS 31.47 BILLION RUPEES LAST YEAR.SEPT QUARTER GROSS NPA 17.24 PERCENT VERSUS 17.89 PERCENT PREVIOUS QUARTER.SEPT QUARTER NET NPA 10.07 PERCENT VERSUS 10.63 PERCENT PREVIOUS QUARTER.SAYS CHARGED 1.44 BILLION RUPEES TOWARDS MTM LOSSES IN QUARTER.RECOGNIZED DEFERRED TAX ASSET OF 2.03 BLN RUPEES FOR PROVISION FOR BAD & DOUBTFUL DEBTS DURING SEPT QTR.  Full Article

Oriental Bank Of Commerce Appoints Mahesh Dhawan As CFO
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Oriental Bank Of Commerce Ltd ::SAYS APPOINTED MAHESH DHAWAN AS CFO.SAYS DHAWAN TO REPLACE JITENDER MOHAN SINGH.  Full Article

Oriental Bank Of Commerce June-Qtr NIM At 2.82 Pct
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Oriental Bank Of Commerce Ltd ::JUNE QUARTER NIM AT 2.82 PERCENT.  Full Article

Oriental Bank Of Commerce Says Mahesh Timber's Acoount Already Reported to RBI,CBI In Sept 2016
Monday, 14 May 2018 

May 14 (Reuters) - Oriental Bank Of Commerce Ltd ::CLARIFIES ON NEWS ITEMS IN RELATION TO MAHESH TIMBER.SAYS TOTAL EXPOSURE IN ACCOUNT HAS BEEN FULLY PROVIDED.ORIENTAL BANK OF COMMERCE - SUBJECT ACCOUNT OF BANK IS OLD CASE WHICH TURNED NPA ON SEPT 2016 AND REPORTED TO RBI AND CBI IN SEPT 2016.  Full Article