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The RBI has initiated a prompt corrective action against state-owned Oriental Bank of Commerce (OBC) for high bad loans. Photo: PTI

RBI begins 'corrective action' against Oriental Bank of Commerce for...

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

7 Oct 2017 8:02 PM IST

The stock was trading at Rs 120.50 on the BSE on Friday, up 0.54 per cent from its previous close.

Oriental Bank of Commerce lowers base rate by 0.05 per cent

Bank has revised the base rate from 9.50 pc per annum to 9.45 pc per annum with effect from 03.10.2017.

29 Sept 2017 2:08 PM IST

CBi has registered a case against top officials of Simbhaoli Sugars Limited, including its Deputy General Manager Gurpal Singh, who is the son-in-law of Punjab CM Captain Amarinder Singh, CMD, CFO, CEO and directors, and unknown bank officials. (Photo: www.simbhaolisugars.com)

Bank fraud again: Amarinder Singh's son-in-law among 13 accused

The bank had complained to the CBI on November 17, 2017 but the agency registered the case only on February 22, 2018.

26 Feb 2018 11:32 AM IST

According to agency sources, Sansar Chand, a 1986-batch IRS officer, posted as the commissioner, two superintendents of the department, one personal staff and five private people were nabbed by the CBI in a late-night operation spread across Kanpur and Delhi. (Photo: PTI)

After Nirav Modi, another diamantere booked for Rs 389.85 cr fraud

The CBI has booked Dwarka Das Seth International Pvt Ltd for the alleged fraud towards Oriental Bank of Commerce.

24 Feb 2018 9:09 AM IST

The RBI has initiated a prompt corrective action against state-owned Oriental Bank of Commerce (OBC) for high bad loans. Photo: PTI

CBI to probe Rs 4cr bank sanction without collateral

The irregularities related to the disbursement of the credit limit occurred during 2014 to 2015, said a source.

23 July 2018 2:25 AM IST

Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.

6 public sector banks cut lending rates by up to 0.25 per cent

With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper.

10 Oct 2019 7:03 PM IST

The RBI has initiated a prompt corrective action against state-owned Oriental Bank of Commerce (OBC) for high bad loans. Photo: PTI

Oriental Bank allots 13.89 cr shares to govt following capital...

The move follows capital infusion of Rs 1,186 crore by the government into the bank.

27 March 2019 5:13 PM IST

Punjab National Bank. (File pic)

Punjab National Bank may take OBC, Andhra, Allahabad bank in fold

This could be the one of the first decisions to be taken by the new government after election results are announced on...

22 May 2019 12:35 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

Board to soon consider amalgamation with OBC, United Bank: PNB

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.

31 Aug 2019 2:14 PM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB board to consider Rs 18,000-crore capital infusion this week

The board shall consider capital infusion up to Rs 18,000 crore in its meeting scheduled on September 5, 2019, PNB said.

2 Sept 2019 8:16 PM IST

The 25-year-old guard committed the crime along with his three other friends. (File photo/Representational)

CBI arrests directors of pvt firm

The other members of the consortium were State Bank of India, State Bank of Bikaner and Jaipur, and State Bank of...

16 March 2018 12:29 AM IST

According to agency sources, Sansar Chand, a 1986-batch IRS officer, posted as the commissioner, two superintendents of the department, one personal staff and five private people were nabbed by the CBI in a late-night operation spread across Kanpur and Delhi. (Photo: PTI)

CBI questions Reeta Seth of Dwarka Das Seth Co. in Rs 390 cr bank...

Sabhya Seth, believed to be brain behind the fraud, hasn't joined CBI investigation yet and Interpol has been approached...

7 March 2018 3:34 PM IST