Oriental Bank of Commerce


BSE: 500315 | NSE: ORIENTBANK | ISIN: INE141A01014 
Market Cap: [Rs.Cr.] 6,849 | Face Value: [Rs.] 10
Industry: Banks - Public Sector

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Board Meet

02-May-13 
Oriental Bank of Commerce has informed BSE that a meeting of the Board of Directors of the Bank will be held on May 02, 2013, to consider and approve the Audited Financial Results of the Bank for the quarter / financial year ended March 31, 2013 and to propose dividend, if any, for the year ended March 31, 2013. Oriental Bank of Commerce has informed BSE that the Board of Directors of the Bank at its meeting held on May 02, 2013, inter alia, have proposed dividend @ Rs. 9.20 per share for the year ended March 31, 2013. (As Per BSE Announcement Dated on 02.05.2013) 
25-Jan-13 
Oriental Bank of Commerce has informed BSE that a meeting of the Board of Directors of the Bank will be held on January 25, 2013, to take on record the Reviewed Financial Results of the Bank for the quarter / nine months period ended December 31, 2012 (Q3). 
25-Oct-12 
Oriental Bank of Commerce has informed BSE that a meeting of the Board of Directors of the Bank will be held on October 25, 2012 to take on record the Reviewed Financial Results of the Bank for the quarter / half year ended September 30, 2012 (Q2). 
30-Jul-12 
Oriental Bank of Commerce has informed BSE that a meeting of the Board of Directors of the Bank will be held on July30, 2012, to take on record the Reviewed Financial Results of the Bank for the quarter ended June 30, 2012.  
30-Apr-12 
Oriental Bank of Commerce has informed BSE that a meeting of the Board of Directors of the Bank will be held on April 30, 2012, inter alia, to consider and approve the Audited Financial Results of the Bank for the year ended March 31, 2012 and to propose dividend, if any, for the year ended March 31, 2012. Oriental Bank of Commerce has informed BSE that the Board of Directors of the Bank at its meeting held on April 30, 2012, inter alia, have proposed dividend @Rs. 7.90 per share for year ended March 31, 2012. (As Per BSE Announcement Website Dated on 30/04/2012) 

AGM

17-Jun-13
Oriental Bank of Commerce has informed BSE that the Register of Members & Share Transfer Books of the Bank will remain closed from June 10, 2013 to June 17, 2013 (both days inclusive) for the purpose of Payment of Dividend & 19th Annual General Meeting (AGM) of the Bank to be held on June 17, 2013. The dividend as proposed by the Board, if declared at the Annual General Meeting shall be paid on July 16, 2013. Oriental Bank of Commerce has informed BSE that the 19th Annual General Meeting (AGM) of the Bank will be held on June 17, 2013. (As per BSE Announcement Dated on 22.05.2013) Oriental Bank of Commerce has informed BSE regarding the details of Voting results at the 19th Annual General Meeting of the Bank held on June 17, 2013, under Clause 35A. (As Per BSE Announcement Dated on 17.06.2013) 
13-Jun-12
Oriental Bank of Commerce has informed BSE that the Register of Members & Share Transfer Books of the Bank will remain closed from June 06, 2012 to June 13, 2012 (both days inclusive) for the purpose of Payment of Dividend & 18th Annual General Meeting (AGM) of the Bank to be held on June 13, 2012. The dividend as proposed by the Board, if declared at the Annual General Meeting shall be paid on July 12, 2012. Oriental Bank of Commerce has informed BSE that the 18th Annual General Meeting (AGM) of the Company will be held on June 13, 2012. (As Per BSE Announcement Website Dated on 13/06/2012) Oriental Bank of Commerce has informed BSE that the 18th Annual General Meeting (AGM) of the Company will be held on June 13, 2012.PHD Chamber of Commerce and Industry, PHD House, 4/2. Sirl Institutional Area, August Kranti Mar& New Delhi - 110016. The Shareholders of the Bank (i) unanimously approved and adopted the Balance Sheet of the Bank as at 3151 March 2012, Profit and Loss Account of the Bank for the year ended 31Bl March 2012, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors Report on the Balance Sheet and Accounts (ii) declared dividend @ Rs.7,00 per share (79%) on equity shares for the financial year 2011-12, (As Per BSE Announcement Website Dated on 14/06/2012) 
23-Jun-11
Oriental Bank of Commerce has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from June 16, 2011 to June 23, 2011 (both days inclusive) for the purpose of Payment of Dividend & 17th Annual General Meeting (AGM) of the Company to be held on June 23, 2011. The dividend as proposed by the Board, if declared at the Annual General Meeting shall be paid on July 22, 2011. Oriental Bank of Commerce has informed BSE that the Shareholders at the 17th Annual General Meeting (AGM) of the Bank held on June 23, 2011, inter alia, have unanimously approved the following: 1. Approved and adopted the Balance Sheet of the Bank as at March 31, 2011, Profit and Loss Account of the Bank for the year ended March 31, 2011, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors Report on the Balance Sheet and Accounts and 2. Approved declaration of dividend @ Rs. 10.40 per share (104%) on equity shares for the financial year 2010-2011. (As Per BSE Announcement Website dated on 28.06.2011) Oriental Bank of Commerce has submitted to BSE a copy of minutes of the 17th Annual General Meeting of the Bank held on June 23, 2011. (For more details kindly refer Corporate Announcements on www.bseindia.com). (As Per BSE Announcement Dated on 29.07.2011) 
23-Jun-10
AGM 23/06/2010 Oriental Bank of Commerce (OBC) has informed BSE that the members at the 16th Annual General Meeting (AGM) of the Bank held on June 23, 2010, inter alia, have accorded the following: 1. Adoption of the Balance Sheet of the Bank as on March 31, 2010, Profit & Loss Account of the Bank for the year ended March 31, 2010, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors Report on the Balance Sheet and Accounts. 2 Declaration of dividend of 91% on Equity Shares for the financial year 2009-10. (As Per BSE Announcement Dated on 23.07.2010) 
23-Jun-09
Oriental Bank of Commerce (OBC) has informed BSE that the Register of Members & Share Transfer Books of the Bank will remain closed from June 16, 2009 to June 23, 2009 (both days inclusive) for the purpose of payment of dividend & 15th Annual General Meeting (AGM) of the Bank to be held on June 23, 2009. With reference to the earlier announcement dated June 05, 2009 regarding Book Closure, Oriental Bank of Commerce (OBC) has now informed BSE that the 15th Annual General Meeting of the Bank will be held on June 23, 2009. The Register of Members and Share Transfer Books of the Bank shall remain closed for the purpose of the Annual General Meeting and for payment of dividend, if any, for the financial year 2008-09 from 'June 18, 2009 to June 23, 2009' (both days inclusive) instead of 'June 16, 2009 to June 23, 2009' (both days inclusive) as intimated earlier. (As per BSE Announcement Website Dated on 05.06.2009) Oriental Bank of Commerce (OBC) has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Bank held on June 23, 2009, inter alia, have accorded the following: 1. Adoption of the Balance Sheet of the Bank as on March 31, 2009, Profit & Loss Account of the Bank for the year ended March 31, 2009, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors Report on the Balance Sheet and Accounts. 2 Declaration of dividend of 73% on Equity Shares for the financial year 2008-09. (As Per BSE Announcement Dated on 15/07/2009) 

EGM

29-Sep-11
Oriental Bank of Commerce has informed BSE that the Extraordinary General Meeting of the Bank will be held on September 29, 2011 to elect three directors from amongst the shareholders of the Bank, other than the Central Government. Oriental Bank of Commerce has informed BSE that the Extraordinary General Meeting of the Bank will be held on September 29, 2011 to elect three directors from amongst the shareholders of the Bank, other than the Central Government. The Record Date for the purpose of the Extraordinary General Meeting is fixed as August 16, 2011. (As Per BSE Announcement Website dated on 02.08.2011) Oriental Bank of Commerce has informed BSE that the following four valid nominations have been received for Election of Three Directors from amongst the shareholders of the Bank other than the Central Government. - Name of the Candidates 1. Sh. T. Valliappan 2. Sh. P. B. Santhanakrishnan 3. Sh. Jitendra Kumar Sarawgi 4. Smt. Abha Chaturvedi Accordingly, the election to elect three Directors from amongst the shareholders of the Bank other than the Central Government shall be held at the Extraordinary General Meeting of the Bank on September 29, 2011 at 11.00 a.m. at PHD Chamber of Commerce and Industry, PHD House, 4/2, Siri Institutional Area, August Kranti Marg, New Delhi - 110016. (As per BSE Annoncement Website Dated on 19/09/2011) With reference to the earlier announcement dated September 19, 2011 regarding Election of Directors by the Shareholders of the Bank other than Central Government, Oriental Bank of Commerce has now informed BSE that the following three Directors have been elected from amongst shareholders other than Central Government at the Extraordinary General Meeting held on September 29, 2011 in New Delhi pursuant to Section 9 (3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, read with Nationalised Banks (Management & Miscellaneous) Scheme, 1980, Oriental Bank of Commerce (Shares and Meetings) Regulations 1998 and Notification dated November 01, 2007 read with dated May 23, 2011 of Reserve Bank of India. 1. Sh. T. Valliappan 2. Sh. P. B. Santhanakrishnan 3. Smt. Abha Chaturvedi The aforesaid three shareholders declared elected as the Directors of the Bank shall assume office from September 30, 2011 and shall hold office until the completion of a period of three years from the date of such assumption. (As per BSE Annoncement Website Dated on 29/09/2011) Oriental Bank of Commerce has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on September 29, 2011. (As Per BSE Announcement Dated on 18.10.2011) 
29-Mar-11
Board has approved raising of capital by creating, offering and issuing upto 4,12,21,491 equity shares of Rs. 10/- each for cash at a Issue Price (including premium) of Rs. 422.11 per share aggregating upto Rs. 1740 crore approx. to Government of India in terms of SEBI (ICDR) Regulations, 2009. The Board has also resolved calling of an Extraordinary General Shareholders of Bank on March 29, 2011 for approval of the preferential allotment of equity shares to the Government of India. Oriental Bank of Commerce has informed BSE that the shareholders of the Bank at the Extraordinary General Meeting held on March 29, 2011, unanimously approved the Special Resolution for issue and allotment of 4,12,21,482 equity shares of Rs. 10 each at Rs. 422.11 per share aggregating to Rs. 1739,99,99,767.00 (Rupees One thousand seven hundred thirty nine crores, ninety nine lacs ninety nine thousand seven hundred and sixty seven only) to Government of India on preferential basis. The Bank has also submitted to BSE a copy of the proceedings of the meeting in this regard. (As Per BSE Announcement Website dated on 29.03.2011) Oriental Bank of Commerce has submitted to BSE a copy of the Minutes of Extraordinary General Meeting held on March 29, 2011 for approval of preferential allotment of Equity Shares to Government of India. (As Per BSE Announcement Dated on 09.05.2011) 
29-Sep-08
Oriental Bank Of Commerce has informed the Exchange that the Extraordinary General Meeting of the Bank will be held on September 29, 2008, to elect three directors from amongst the shareholders of the Bank, other than the Central Government. The Record Date for the purpose of the Extraordinary General Meeting is fixed as August 14, 2008. 
21-Sep-05
Oriental Bank Of Commerce has informed the Exchange that the Bank has fixed August 13, 2005 as the Record Date to determine the shareholders eligible for attending / voting at the EGM to be held on September 15, 2005 for conducting the Election of Directors. Oriental Bank Of Commerce has informed the Exchange that the date of EGM of the bank for the purpose of election of directors by the shareholders has been changed from September 15,2005 to September 21,2005.Further,the bank has also submitted to the Exchange a copy of Notice of EGM . (As per NSE Bulletin dated on 22/08/2005) The Bank has informed that with reference to the earlier announcement regarding election of Shareholder Directors ofthe Bank, the Bank received nominations from six candidates. After conducting a scrutiny as per the provisions of Oriental Bank (Shares and Meetings) Regulations 1998, it was found that the nominations received from six candidates are valid. Since the number of valid candidates are six for the six vacancies as narrated above, are deemed to be elected as Directors of the Bank as per Regulation 66 (i) of Oriental Bank (Shares and Meetings) Regulations 1998 with effect from September 07, 2005. They will hold office till September 06, 2008. The Board of Directors of the Bank is reconstituted with the Directors whose names are mentioned below with effect from September 07, 2005. 1. Smt. Abha Chaturvedi 2. Shri C K Sabharwal 3. Shri G R Sundaravadlvel 4. Shri T R Krishnakumar Rao 5. Shri Umesh Kumar Khaitan 6. Shri Vasudeo Rajaram Galkar Further the Bank has informed that, in view of the above the Extraordinary General Meeting convened for September 21, 2005 stands cancelled as per provisions of Oriental Bank (Shares and Meetings) Regulations 1998. (As per BSE Bulletin dated on 08/09/2005) 
11-Feb-05
EGM 11/02/2005 For seeking approval of the shareholders for the proposed issue of 5,00,00,000 Equity Shares of the Bank. Oriental Bank Of Commerce has informed the Exchange that an EGM of the Bank will be held on February 11, 2005 for seeking approval of the shareholders for the proposed issue of 5,00,00,000 Equity Shares of the Bank. In this regard the bank has nfixed January 31, 2005 as Record Date for the purpose of determining the shareholders to participate in the EGM and voting therein. (As per NSE Bulletin dated on 17/01/2005) The Bank has informed that the members at the Extra Ordinary General Meeting of the Bank, held on February 11, 2005, inter alia have accorded to authorised the Board to create, issue offer and allot such numbers of equity shares of Rs 10/- each up to 5,00,00,000 with aggregate face value of Rs 50,00,00,000 or as permitted by the Govt. of India / Reserve Bank of India, to eligible investors whether Residents and / or Non-Residents and / or Qualified Institutional Buyers (QIB) and / or Institutions / Banks and / or Incorporated Bodies and / or Foreign Institutional Investors (FIIs) and / or Individuals and / or Trustees and / or Employees of the Bank and / or other Investors and whether or not such investors are shareholders of the Bank or any combination of the above, as may be deemed appropriate by the bank. (As per BSE Bulletin dated on 14/03/2005) Oriental Bank Of Commerce has submitted the minutes of the EGM held on February 11, 2005. (As per NSE Bulletin dated on 22/03/2005) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
St Bk of India 139,932.02 9.92 1.42 14.51 15.4 0.0 0.00
Bank of Baroda 26,073.27 6.02 0.82 15.30 15.1 0.0 0.00
Punjab Natl.Bank 25,663.69 5.60 0.82 12.68 16.5 0.0 0.00
Canara Bank 16,858.37 5.87 0.74 12.24 17.0 0.0 0.00
Bank of India 16,700.10 6.30 0.73 14.59 13.0 0.0 0.00
Union Bank (I) 12,968.25 6.27 0.83 13.67 15.0 0.0 0.00
IDBI Bank 10,235.67 5.44 0.53 11.97 13.4 0.0 0.00
Syndicate Bank 7,298.64 3.77 0.76 14.12 22.8 0.0 0.00
Central Bank 6,962.13 6.86 0.59 13.46 8.3 0.0 0.00
Oriental Bank 6,849.07 5.42 0.57 12.44 11.5 0.0 0.00
UCO Bank 5,795.25 9.38 0.79 13.54 9.1 0.0 0.00
Corporation Bank 5,767.00 4.14 0.60 12.57 16.1 0.0 0.00
Indian Bank 5,559.07 3.73 0.53 12.64 15.7 0.0 0.00
Allahabad Bank 5,492.83 4.84 0.52 12.83 11.8 0.0 0.00
I O B 5,433.71 10.14 0.44 13.27 4.9 0.0 0.00

Futures & Options Quote

 
Expiry Date
223.20 11.65  [5.0]%
Instrument: FUTSTK
Expiry Date: 27 Jun 2013
Open Price: 230.00
Average Price: 226.38
No. of Contracts Traded: 419,000
Open Interest: 1,768,000
Underlying: ORIENTBANK
Market Lot: 1000
Previous Close: 234.85
Day’s High | Low: 230.30 | 223.15
Turnover (Cr.): 9.49
Open Int. Change: 102,000.00 (6.1% )
View detailed F& O quotes >>

Key Information

Key Executives:

S L Bansal , Chairman & Managing Director  

V Kannan , Executive Director  

Sreya Guha , Nominee (Govt)  

S S Shishodia , Director (Officer Employee)  


Company Head Office / Quarters:
E Block Harsha Bhawan,
Connaught Place,
New Delhi,
New Delhi-110001
Phone : 91-11-23417121/23416691/23415508
Fax : 91-11-23739768
E-mail : mbd@obc.co.in
Web : http://www.obcindia.co.in
Registrars:
MCS Ltd
F-65 1st Floor
Okhla Industrial Are
Phase-I
New Delhi-110020

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