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Oriental Bank Of Commerce Ltd (ORBC.NS)

ORBC.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

Oriental Bank of Commerce to raise 2.50 bln rupees in private placement
Wednesday, 31 Aug 2016 06:13am EDT 

Oriental Bank of Commerce Ltd : Intends to raise tier 1 capital via private placement of Basel III compliant additional tier 1 bonds of up to 2.50 billion rupees .  Full Article

Oriental Bank Of Commerce appoints Jitender Mohan Singh as CFO
Monday, 29 Aug 2016 04:02am EDT 

Oriental Bank Of Commerce Ltd : Jitender Mohan Singh has been appointed as chief financial officer .  Full Article

Oriental Bank Of Commerce June-qtr profit falls about 61 pct
Friday, 12 Aug 2016 02:53am EDT 

Oriental Bank Of Commerce Ltd : June-quarter net profit 1.01 billion rupees versus net profit of 2.58 billion rupees year ago . June-quarter interest earned 47.79 billion rupees versus 51.15 billion rupees year ago . June-quarter provisions 7.50 billion rupees versus 5.78 billion rupees year ago . June-quarter gross NPA 11.45 percent versus 9.57 percent previous quarter . June-quarter net NPA 8.11 percent versus 6.70 percent previous quarter .  Full Article

Oriental Bank Of Commerce intends to raise tier II capital via bonds worth 5 bln rupees
Monday, 13 Jun 2016 09:00am EDT 

Oriental Bank Of Commerce Ltd : Intends to raise Tier II capital through private placement of Basel III compliant Tier II bonds aggregating to 5 billion rupees .  Full Article

Oriental Bank of Commerce posts March-qtr profit
Wednesday, 11 May 2016 02:23am EDT 

Oriental Bank Of Commerce Ltd : March-quarter net profit 216.2 million rupees versus net loss of 1.78 billion rupees year ago . March-quarter interest earned 49.58 billion rupees versus 50.91 billion rupees year ago . March-quarter provisions 10.26 billion rupees versus 11.07 billion rupees year ago . March-quarter gross NPA 9.57 percent versus 7.75 percent previous quarter . Recommended dividend at 0.70 rupee per share .  Full Article

Oriental Bank of Commerce says India govt raises stake in co by 3.21 pct
Monday, 9 May 2016 08:32am EDT 

Oriental Bank Of Commerce Ltd : Government of India raises stake in co by 3.21 percent to 58.38 percent .  Full Article

Oriental Bank Of Commerce Ltd announces appointment of statutory central auditors
Tuesday, 2 Feb 2016 12:39am EST 

Oriental Bank Of Commerce Ltd:Says that M/s. V K Dhingra & Co. M/s. Sudit K. Parekh & Co. and M/s. V K Ladha & Associates, have been appointed as Statutory Central Auditors of the Bank in place of M/s. P. L. Tandon & Co., M/s. Shah & Taparia & M/s Bansal R Kumar & Associates for FY 2015-16.  Full Article

Oriental Bank Of Commerce Ltd llotment of 8.34 pct Unsecured Redeemable Non-Convertible Basel III Compliant Tier 2 Bonds
Wednesday, 28 Oct 2015 02:29am EDT 

Oriental Bank Of Commerce Ltd:Says Issue of 8.34 pct Unsecured Redeemable Non-Convertible Basel III Compliant Tier II Bonds in the nature of Debentures was fully subscribed to the extent of 1000 crore Indian Rupees and allotment has been made on Oct. 26.  Full Article

Oriental Bank Of Commerce Ltd - India's Bank of Baroda Ltd, HDFC Bank, others face Sebi scrutiny - PTI in Financial Express - Reuters
Saturday, 17 Oct 2015 08:00pm EDT 

Oriental Bank Of Commerce Ltd:As a multi-agency probe continues in the alleged forex-based black money case involving thousands of crores of rupees, capital markets regulator Sebi and stock exchanges have now begun a scrutiny of several banks for any violation of the disclosure norms for listed firms -FE.Bank of Baroda and Oriental Bank of Commerce are among those facing the scrutiny, while stock exchanges have also sought clarifications from HDFC Bank and Axis Bank -FE.A senior official said Sebi will take a decision on a formal probe after scrutiny of their replies to the notices issued by the stock exchanges -FE.The matter relates to alleged illegal money transfers amounting over several years to Hong Kong and possibly other foreign locations, which were passed off as payments for non-existent imports, but it came to light only this month -FE.A Delhi court extended by 6 days the ED custody of four persons, including an HDFC bank employee, arrested on money laundering charges in the Rs 6,000-crore remittances case of a Bank of Baroda (BoB) branch in Delhi -FE.Foreign exchange worth Rs 550 crore was remitted through 11 entities to Hong Kong on account of making import payments from a Ghaziabad branch of Oriental Bank of Commerce during 2006-10 -FE.The cases are being probed by CBI, ED, Income Tax Department and SFIO, among other agencies -FE.  Full Article

Oriental Bank Of Commerce Ltd says forex worth 5.50 bln rupees remitted to HK on account of import payments
Thursday, 15 Oct 2015 08:00pm EDT 

Oriental Bank Of Commerce Ltd:During 2006-10, foreign exchange equivalent to 5.50 billion rupees remitted to Hong Kong on account of import payments via Razapur branch.Remittance was sent through 11 entities during the mentioned period.Suspicious transactions report was sent to FIU-IND by bank and police complaint also filed.  Full Article

More From Around the Web

TABLE-India Oriental Bank of Commerce's Q3 net loss narrows

NEW DELHI, Feb 4 Three months ended Dec. 31 versus the same period a year earlier (in billions rupees unless stated) Dec. 2016 Dec. 2015 Net Loss 1.30 4.25 Interest Earned 44.39 49.56 Gross NPA pct 13.80 7.75 NOTE: Oriental Bank of Commerce is a state-run lender. (Reporting by Nidhi Verma; Editing by Sam Holmes)