Moody's Investors Service says that the final stage of a multiyear initiative by India's central bank to push banks to recognize problem assets more accurately will reduce profitability for the sector in the near term, but produce benefits over the longer term. "While this push will ...
Moody's Investors Service says that the India government's detailing of how much capital each public sector bank will receive in the financial year ending March 2018 is credit positive for the sector. "This announcement is a credit positive for all public sector banks, and especially...
FINANCIAL INSTITUTIONS CREDIT OPINION 16 January 2018 Update RATINGS Oriental Bank of Commerce Domicile India Long Term Debt Not Assigned Long Term Deposit Baa3 Type LT Bank Deposits - Fgn Curr Outlook Stable Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts
FINANCIAL INSTITUTIONS CREDIT OPINION 7 September 2017 Update RATINGS Oriental Bank of Commerce Domicile India Long Term Debt Not Assigned Long Term Deposit Baa3 Type LT Bank Deposits - Fgn Curr Outlook Negative Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts
The independent financial analyst theScreener just lowered the general evaluation of ORNTL.BK.OF COM.LTD. (IN), active in the Money Center Banks industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date August 11, 2017, the...
FINANCIAL INSTITUTIONS ISSUER PROFILE 28 July 2017 TABLE OF CONTENTS Company Overview 1 Financial Highlights 2 Business Description 3 Distribution Channels 4 Ownership and Structure 5 Company Management 6 Company History 8 Peer Group 8 Related Websites and Information
​Oriental Bank of Commerce: Another weak quarter; Stress addition increases to AQR levels(OBC IN, Mkt Cap USD0.6b, CMP INR163, TP INR150, 8% Downside, Neutral)OBC reported loss of INR12.2b (~2x of FY15 and FY16 PAT combined) v/s est. loss of INR1.1b, primarily due to elevated credit costs of INR30.5b (8.2% annualized, highest in the history of the bank). Asset quality remains under pressure, led by elevated stress additions (INR39b v/s INR27b in 3Q) and muted recoveries/upgrades.Overall pool o...
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