Page 2 - Oriental Bank Of Commerce

Oriental Bank CEO asks FinMin to give a new name for newly merged entity

If the bank formed after amalgamation is not given a separate name, people would feel that OBC and UBI merged into PNB

Oriental Bank of Commerce Q3 profit jumps 39.11% to Rs 201.66 crore

Gross NPAs also fell to 12.64% from 15.82%

Bank consolidation: Non-anchor PSBs urge govt for new name after merger

United Bank of India has written to the Government seeking a new name for the entity formed out of its merger with Punjab National Bank and Oriental Bank of Commerce

PNB reports net profit of Rs 507 crore in Q2; finances under stress

Provisioning related to bad loans went up to Rs 3,253 crore in Q2, up from Rs 2,147 crore in the previous quarter

Post-merger preparations: PNB seeks time to offload stake in insurance JV

Union Bank holds around 46 per cent stake in Star Union Dai-ichi Life Insurance and Andhra Bank is a part of IndiaFirst Life Insurance with 30 per cent stake

PNB-UBI-OBC merger: Automated HR integration to quell staff discrimination

All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity

34 functional teams formed to smoothen process of PNB, OBC, UBI merger

The merger is scheduled to come into force from April 1 next year

Punjab National Bank board approves amalgamation with OBC, United Bank

The government on Friday announced infusion of Rs 16,000 crore in PNB for a smooth and seamless amalgamation

PNB to hold meeting on Sept 5 to consider merger with OBC, United Bank

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders

Government creates banking behemoths to boost India's flagging economy

News of the mergers comes minutes before official data is expected to confirm a fifth-straight quarter of slowing economic growth

Amalgamating 10 govt banks into 4 entities in mega consolidation move: FM

After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017

Public sector banks gain on Rs 70,000-crore capital boost from govt

Bank of Baroda, PNB, Bank of India, Oriental Bank of Commerce, Central Bank of India, Allahabad Bank, Syndicate Bank, Union Bank of India, and Canara Bank were up 5% to 12% in intra-day trade

Oriental Bank of Commerce, IDBI Bank cut MCLR up to 15 basis points

The rate cut follows an MCLR cut by the country's largest lender SBI post the RBI's decision to reduce the key interest rate by 35 bps

RBI fines Oriental Bank Rs 1.5 cr for delay in reporting KFA fraud

The aforesaid penalty is required to be paid within 14 days from the date of receipt of the RBI order

Oriental Bank of Commerce reduces one-year MCLR by 5 bps to 8.70%

The bank has revised the marginal cost based lending rate (MCLR) for three loan tenors with effect from June 11, 2019, it said in a regulatory filing

Oriental Bank of Commerce posts Rs 201 cr profit in Q4; NPAs down at 13%

Total income of the bank during the January-March quarter rose to Rs 5,711.92 crore from Rs 4,689.12 crore in the same quarter a year ago,

Oriental Bank of Commerce narrows Q1 loss at Rs 3.93 bn; bad loans rise

Net NPAs or bad loans too jumped to 10.63% of the net advances

Oriental Bank of Commerce net loss widens to Rs 16.5 bn in Q4; NPAs up 10%

Total income of the bank during the January-March quarter of 2017-18 came down to Rs 46.89 billion, against Rs 50.94 billion

Oriental Bank of Commerce falls 9% on talks of Rs 3.9 billion scam

The stock slipped 9% to Rs 96.20, also its fresh 52-week low on the BSE.

Oriental Bank of Commerce plans to raise Rs 1,000 crore via Basel-III bonds

The bank said the bonds issue has an option to retain subscription of up to Rs 500 cr