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Oriental Bank of Commerce News
Oriental Bank of Commerce
OBC, UBI bank account holder? What will happen to your credit and debit cards, will your User ID change? EXPLAINED
Tue, Feb 02, 2021
Here is an important news for OBC, UBI account holders regarding their debit cards and credit cards. As Oriental Bank of Commerce (OBC) and United Bank of India (UBI) have been merged with Punjab National Bank (PNB), there are many questions troubling OBC and UNI bank customers.
PNB 2.0: Big amalgamation! How Oriental Bank of Commerce and United Bank of India customers will benefit
Wed, Apr 01, 2020
Here is how the amalgamation is a big win-win for Oriental Bank of Commerce and United Bank of India customers:-
SBI, Canara Bank, 2 other public sector banks in India cut deposit, loan interest rates
Sat, Feb 08, 2020
SBI or State Bank of India, Bank of India, Canara Bank and Oriental Bank of Commerce have announced to reduce the loan interest rates and deposit rates.
Bank strike in India: Alert! 4 lakh employees to go on two-day nationwide strike from this date
Sun, Sep 22, 2019
About four lakh bank employees will go on tow-day strike across the country on September 26 and 27 to protest against the government's decision of public sector banks' merger.
Get SBI loan in just 59 minutes! How State Bank of India, other PSBs are looking to empower borrowers
Tue, Jul 23, 2019
Five of the largest banks in India including State Bank of India (SBI), Union Bank of India, Oriental Bank of Commerce, Corporation Bank, Andhra Bank have joined hands to offer ‘PSB Loans in 59 Minutes‘ scheme to empower the MSMEs.
Oriental Bank of Commerce cuts MCLR by 0.10 pct for various tenors
Tue, Jun 11, 2019
State-owned Oriental Bank of Commerce has cut the marginal cost of funds-based lending rate (MCLR) by up to 0.10 per cent for various tenors with effect from Tuesday.
Srei, Oriental Bank of Commerce ink strategic alliance to offer loans for equipment, commercial vehicle purchase
Mon, May 27, 2019
The partnership will allow Srei Equipment and Oriental Bank of Commerce to collaborate, co-operate and widen their respective markets and customer base.
OBC posts Rs 201 crore profit for January-March
Mon, May 13, 2019
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, OBC said in a regulatory filing.
Directors, staff of a company fraudulently diverted Rs 2,348-cr from PNB, other banks: CBI
Sun, Apr 07, 2019
CBI on Saturday conducted searches at several locations in Delhi-NCR, Chandigarh, Kolkata and Orissa, at the offices of a New Delhi-based private company in a bank fraud case.
SBI, Oriental Bank put on sale stressed accounts to recover dues of Rs 5,740 crore
Sun, Feb 10, 2019
State-owned State Bank of India (SBI) and Oriental Bank of Commerce (OBC) have put on sale various financial accounts to recover dues of around Rs 5,740 crore.
Exit of BoI, BoM, OBC credit positive: Moody's
Thu, Feb 07, 2019
"The capital injections helped the banks significantly increase their loan loss coverage and reduced their net NPL ratios below the trigger point for PCA inclusion," Moody's said.
Ahead of Budget 2019, good news! 3 banks, Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, taken out of RBI's PCA framework
Fri, Feb 01, 2019
"In the case of Oriental Bank of Commerce, though the net NPA was 7.15 per cent, as per the published results of third quarter, the government has since infused sufficient capital and bank has brought the net NPA to less than 6 per cent."
These 4 banks face investors' backlash as govt plans merger; Is consolidation really a solution?
Mon, Jun 04, 2018
Lending has become such a fraught exercise, that each quarter PSBs have witnessed weak earnings, higher provisions and NPA.
With debt hitting Rs 2,244 cr mark, Moser Baer Solar assets put on block
Wed, Apr 25, 2018
The resolution professional for Moser Baer Solar has invited bids for assets of the renewable energy company that owes Rs 2,244 crore to eight lenders as on March 8.
Simbhaoli shares jump 16% after company says committed to clear all dues
Tue, Feb 27, 2018
Shares of Simbhaoli Sugars surged over 16 per cent on Tuesday after the company said it is committed to clear its outstanding dues.
Simbhaoli Sugar plunges 20% after CBI registers case; OBC touches 52-week low
Mon, Feb 26, 2018
Since the Rs 11,400 crore PNB fraud case has come into light, the CBI has registered seven cases in last 10 days from other banks.
Delhi diamond exporter booked for Rs 389-cr OBC loan fraud
Sat, Feb 24, 2018
The CBI has booked Dwarka Das Seth International Pvt Ltd for the alleged fraud
CBI books Delhi diamond exporter for Rs 389 crore OBC loan fraud
Sat, Feb 24, 2018
After Nirav Modi and Mehul Choksi, the CBI has booked Delhi-based diamond jewellery exporter, Dwarka Das Seth International Pvt Ltd, for the alleged bank loan fraud.
Know more about Vikram Kothari and his modus operandi
Tue, Feb 20, 2018
Just after PNB reported around Rs 11,300 crore fraudulent transactions by diamond tycoon Nirav Modi, another scam of more than Rs 800 crore by Rotomac MD Vikram Kothari has been unraveled.
RBI to resolve bad loans of nearly 1,500 accounts with PSBs
Mon, Jan 08, 2018
As of September 2017, PSBs' gross non-performing assets (GNPA) stood at Rs 7.34 lakh crore.