Oriental Bank of Commerce

HSL Code: ORIBAN   |   BSE Code: 500315  |   NSE Symbol: ORIENTBANK  |   ISIN: INE141A01014
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research reports

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  • Oriental Bank of Commerce (1QFY14) : Good show despite weak macros. 5 Aug | 17:43
    OBC surprised positively on various parameters, with controlled slippages of Rs 7.6bn (including gems and jewellery A/C of Rs 1.6bn).Maintain buy
  • Oriental Bank of Commerce (3QFY14) : Pain visible; valuations attractive. Maintain BUY 1 Feb | 12:14
    OBCs slippages (Rs 10.4bn) and restructuring (Rs 13.7bn) remained elevated. However, net additions to GNPA were contained at mere Rs 3bn with higher recoveries/upgrade (Rs 3.6bn). Earnings were weak with 2% NII growth (NIM down 15bps) and PAT decline of ~31%, despite lower LLP. PCR declined 180bps QoQ. Advances and Deposit grew ~8% and CASA was maintained at ~24%. Maintain BUY
  • OBC - Company Update 10 Jul | 17:00
    Oriental Bank of Commerce- Company Update
  • Oriental Bank of Commerce (2QFY14) : Asset quality disappoints. Maintain BUY 31 Oct | 10:17
    OBC disappointed with higher net additions (Rs 5.8bn; highest in last eight quarters) to GNPA. PCR too declined 240bps QoQ. PAT beat (9% ahead of estimates) was on back of lower tax provision. However on positive front, CASA improved (80bps QoQ) and NIMs were maintained (2.9%). Restructured assets addition was lower at Rs 3.5bn. Maintain BUY. Revise TP to Rs187 (0.55xFY15E ABV) vs. Rs 205 earlier.
  • Oriental Bank of Commerce (4QFY14) : Asset sale saves the day. Maintain BUY 2 May | 08:21
    OBCs 40% PAT beat was driven by income recognition of Rs 2.9bn from the sale of NPA to the ARCs. NII was inline with moderate loan growth (8%) and 10bps NIM (2.7%) decline. Elevated asset impairment of Rs 22.4bn (marginally lower QoQ) drove LLP (Rs 7.3bn; 2.1% ann.). Fees increased 23%, PCR (60.2%) inched up ~50bps; CASA stable at 24%. Maintain BUY

news

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Jun28
Corporate News on Saturday 10:44
Oriental Bank of Commerce announces change in compliance officer
Jun11
Corporate News on Wednesday 14:38
Oriental Bank of Commerce announces appointment of nominee director
Jun3
Corporate News on Tuesday 14:35
Oriental Bank of Commerce announces cessation of RBI nominee director
May21
Corporate News on Wednesday 12:43
Oriental Bank of Commerce to hold AGM
Apr30
Results - Announcements on Wednesday 08:17
Oriental Bank of Commerce net profit rises 0.77% in the March 2014 quarter

Key Ratios

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Market Cap (Rs. in Cr.) 8,410.79
Book Value 426.19
EPS (TTM) 36.42
Price/Book 0.65
Face value 10.00
P/E 7.70
Div(%) 40.00
Div Yield(%) 2.71

key financials

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Values Based on Standalone Data

Peer Group

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  2,500.55(-2.21%)
  862.15(-2.34%)
  923.70(-0.49%)
  285.70(-4.61%)
  395.10(-2.08%)

Shareholding Pattern

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Promoters59.13%
Mutual Funds / UTI9.39%
FI / Banks0.72%
Insurance12.14%
Government0.00%
FII12.30%
Others6.33%

Exchange Information

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NSE Indices   BSE Indices  
Nifty
Sensex
CNX 100
BSE 100
CNX 200
BSE 200
S&P CNX 500
BSE 500
CNX Midcap
BSE Mid-Cap
CNX Midcap 50
BSE Small-Cap
Note: The scrip is a constituent of those NSE and BSE indices that have against them.

Comparative performance

 1M (%)3M (%)6M (%)
Oriental Bank of Commerce25.2569.8259.07
NIFTY (S&P CNX)5.5818.4618.68
BSE Sensex6.1718.2118.21
BSE 5005.2619.1519.90

F & O Quotes

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Expiry Date    
 N.A.  N.A.(N.A.%)
Open Price (Rs.)N.A. No. of Contracts Traded5277
High Price (Rs.)N.A.Turnover (Rs. in lakhs)30,172.95
Low Price (Rs.)N.A.Open InterestN.A.
Prev. Close (Rs.)N.A.Open Int. ChgN.A.
Key Personnel
S L Bansal
Chairman & Managing Director
S Ganesh Kumar
Nominee (RBI)
Chandraprakash Singh
Director(PartTime NonOfficial)
Key Address
Registered Office:
Oriental Bank
E Block Harsha Bhawan,
Connaught Place,
New Delhi,
New Delhi.
Tel : 91-11-23417121/23416691/23415508
Fax : 91-11-23739768
Email : mbd:obc.co.in
Website : http://www.obcindia.co.in
Registrars Details
MCS Ltd.
Add. :F-65 1st Floor,
Okhla Industrial Are, Phase-I,
New Delhi-110020.
 
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