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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

Oriental Bank of Commerce Q4 net loss widens to Rs 1,650 cr

Total income in the entire 2017-18 fiscal stood at Rs 20,181.25 crore, lower from Rs 21,187.85 crore.

12 May 2018 3:53 PM IST

Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

Govt plans merger of four public sector banks to overcome losses

Asset quality of the bank worsened as gross non-performing assets or bad loans surged.

4 Jun 2018 2:09 PM IST

The government, which reportedly asked the RBI last month to make a list of candidates for mergers and set a time-frame for bank consolidation, is going full steam ahead on its plan to clean up the banking system and create fewer, better-capitalised lenders.

PNB, OBC, Andhra Bank next in line for merger

Govt studying amalgamation of three PSBs, say sources.

24 Sept 2018 3:17 PM IST

Finance Minister Nirmala Sitharaman. (PTI Photo)

Govt to bring amendments to two Acts to enable privatisation of PSU...

Finance Minister announced privatisation of Public Sector Banks (PSBs) as part of disinvestment drive to garner Rs 1.75...

16 Feb 2021 10:42 PM IST

The bank said the new MCLR rate will take effect from December 11. (Photo: PTI)

OBC cuts MCLR by 0.05 per cent for select tenors

MCLR for overnight, and six-month lending have been kept unchanged at 8.10 per cent and 8.30 per cent.

9 Dec 2017 11:19 AM IST