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Oriental Bank Of Commerce

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OBC, Dena Bank under lens for Rs 436 cr scam

The government has initiated a forensic audit at the state-run Oriental Bank of Commerce and Dena Bank after unearthing of a suspected scam, wherein the lenders allegedly misappropriated funds......

SS Mundra assumes office as RBI Deputy Governor

Commercial banker Subhash Sheoratan Mundra has assumed office as the fourth deputy governor of the Reserve Bank on Thursday for a three-year term. Mundra, who led the country's second largest......

BofA Merrill turns positive on Indian banks

Bank of America Merrill Lynch upgraded State Bank of India, Bank of Baroda, and Oriental Bank of Commerce Ltd to 'buy'.The investment bank says upgrades come on the back of a steepening bond yield......

Fixed deposits: Get locked in

A couple of weeks ago, Central Bank of India and Oriental Bank of Commerce (OBC) reduced the interest rates on their term deposits.Central Bank revised its peak deposit rate to 9.25 per cent for......

Oriental Bank to hire 1,550 in 6 months

State-run lender Oriental Bank of Commerce plans to recruit about 1,550 personnel, including 100 marketing managers, over the next six months in order to meet its man-power requirement and proposed......
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FinMin lays out Rs 70,000 cr capital infusion plan over 4 years

Finance minister Arun Jaitley also sought additional funds to the tune of Rs 12,010 crore for bank recapitalisation as part of the first... ...

http://www.financialexpress.com/article/industry/banking-finance/more-funds-for-psu-banks-finmin-lays-out-rs-70k-crore-capital-infusion-plan/111834/
Leading NBFCs are bigger than many PSBs

Slowly but steadily, non-banking finance companies (NBFCs), such as Shriram Transport Finance and Bajaj Finance, are claiming the ground vacated by... ...

http://smartinvestor.business-standard.com/market/Compnews-327317-Compnewsdet-Leading_NBFCs_are_bigger_than_many_PSBs.htm
Sensex closes up 1.48%, at 28,114.56

4pm: S&P BSE Sensex closes up 409.21 points, or 1.48%, at 28,114.56. 2:02pm: The S&P BSE Sensex surges 419.74 points, or 1.52%, to 28,125.09.... ...

http://www.livemint.com/Money/15iFbQSNZSirg5WrSxnjCK/Live-Sensex-up-200-points-in-third-day-of-gains-ICICI-Bank.html
Govt seeks Parl nod to infuse Rs 12010 cr into PSU banks

The government needs to resolve some of the governance and HR related issues, like the segregation of the chairman and managing director’s... ...

http://www.moneycontrol.com/news/24x7booking/govt-seeks-parl-nod-to-infuse-rs-12010-cr-into-psu-banks_2257081.html
Profitability takes a hit as bad loans hit PSBs

THE increase in bad loans is taking a heavy toll on banks with four more public sector banks ( PSBs), including Bank of Baroda ( BoB) reporting a... ...

https://in.news.yahoo.com/profitability-takes-hit-bad-loans-000000124.html

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