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Oriental Bank of Commerce News

Punjab National Bank

13 Sep 2021

Cheque Books of THESE 2 Banks to become invalid from October 1

eOBC and eUNI cheque book discontinued. Cheque book invalid from 1.10.2021. Replace your old cheque book.

09 Sep 2021

PNB alert! Chequebooks of THESE Banks will not work from next month

Old chequebooks of the account holders of the two banks will be of no use starting from October 2021. Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank. The merger took effect on 1 April 2020.

29 Apr 2021

Bank customers alert! Stop using old IFSC codes of THESE banks

All the old IFSC codes are discontinued and the new codes are being granted by the anchor banks. Oriental Bank of Commerce, United Bank of India, Syndicate Bank, Andhra Bank, Corporation Bank and Allahabad Bank customers will face the issue. Account-holders of all the above banks should start sharing the new IFSC codes.

Punjab National Bank

30 Mar 2020

Punjab National Bank launches new logo as it merges with UBI, OBC

With this, Punjab National Bank is set to become the second-largest lender in the country.

12 Feb 2020

Delhi: Man loots Rs 1.5 lakh from OBC Tilak Nagar branch

A masked man looted Rs 1.5 Lakhs from the Oriental Bank of Commerce in Delhi's Tilak Nagar locality on Wednesday (February 12, 2020). According to Delhi Police, the man entered the bank after overpowering the security guard and fled from the spot after collecting the cash.

Oriental Bank of Commerce

12 Feb 2020

Rs 1.5 lakh looted from Oriental Bank of Commerce in Delhi's Tilak Nagar by ma

An unidentified man, wearing a mask, looted Rs 1.5 Lakhs from the Oriental Bank of Commerce in Delhi's Tilak Nagar locality on Wednesday (February 12, 2020).

Oriental Bank of Commerce

06 Sep 2019

Oriental Bank reveals loan exposure to Nirav Modi, Choksi

The development comes ahead of the OBC's upcoming merger with the Punjab National Bank (PNB) which - in February 2018 - had admitted to a massive fraud perpetrated by Nirav Modi and Choksi running into over Rs 13,500 crore, sending the entire banking industry in a spin.

15 Mar 2019

ICRA upgrades outlook on PNB, BoI, 2 other lenders

Following infusion of capital in these banks, their financial health improved leading RBI to remove them from Prompt Corrective Action (PCA).

Reserve Bank of India

31 Jan 2019

RBI lifts lending curbs on BoI, BoM, OBC

In case of Oriental Bank of Commerce, the net NPA has come down to less than 6 per cent as the government has infused sufficient capital, it said.

05 Jun 2018

Government eying merger of four Public Sector Banks amidst rising bad loans

These PSBs reportedly have a cumulative loss of Rs 21,646.38 crore for the financial year 2017-18.

Oriental Bank of Commerce

01 Mar 2018

CBI questions Amarinder Singh’s son-in-law over OBC fraud

The Central Bureau of Investigation (CBI) on Thursday questioned Punjab Chief Minister Captain Amarinder Singh’s son-in-law Gurpal Singh in connection with Oriental Bank of Commerce fraud worth Rs 109 crore.

24 Feb 2018

PNB scam effect: After 6 months,CBI books another jeweller for Rs 389-cr fraud

Case has been booked against Karol Bagh-based Dwarka Das Seth International Pvt Ltd for alleged bank loan fraud to the tune of Rs 389.85 crore

Oriental Bank of Commerce

30 Oct 2017

OBC to raise Rs 1,000 cr to comply Basel III norms

Being implemented in phases since April 1, 2013, India is expected to fully implement Basel III standards by March 2019.

Oriental Bank of Commerce

08 Oct 2017

Oriental Bank says under central bank 'corrective action' over bad loans

Oriental Bank is the seventh state-run lender to be put under a corrective action plan, which requires a bank to enact curbs on hiring, branch expansion and taking on new loans.

07 Oct 2017

RBI begins 'corrective action' against OBC for high net NPA

The move will place various restrictions on the public sector lender including on fresh loans and dividend distribution.

Oriental Bank of Commerce

29 Sep 2017

Oriental Bank of Commerce lowers base rate by 0.05% to 9.45%

"This is to inform that the bank has revised the base rate from 9.50 per cent per annum to 9.45 per cent per annum with effect from 03.10.2017," Oriental Bank of Commerce said in a regulatory filing.

Oriental Bank of Commerce

08 Sep 2017

Oriental Bank of Commerce cuts MCLR by 0.05% for select tenors

The bank said the change of MCLR will come into effect from September 11.

Oriental Bank of Commerce

22 Aug 2017

OBC plans to raise Rs 1,000 crore via Basel-III bonds

Public sector lender Oriental Bank of Commerce on Tuesday said it will raise up to Rs 1,000 crore by issuing Basel III compliant bonds on private placement basis.

Oriental Bank of Commerce

19 Feb 2017

OBC's business figure crosses Rs 3.59 lakh cr: Official

The total business figure of Oriental Bank of Commerce (OBC) has crossed Rs 3.59 lakh crore while the total bank deposits stood at Rs 2.10 lakh crores, as on December 31, 2016, a senior company official said on Sunday.

23 Sep 2016

Indigo, GoAir made parties in Vijay Mallya case

Indigo and GoAir airline on Friday filed objections to interim applications of the consortium of banks led by Oriental Bank of Commerce, which pleaded before the Debt Recovery Tribunal under garnishee proceedings to direct the budget carriers to deposit the money to be paid to Airbus with it instead of paying to the aircraft maker in the Vijay Mallya case.

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