Oriental Bank of Commerce

NSE: ORIENTBANK | BSE: 500315 | ISIN: INE141A01014 | Industry: Banks
| Falling Comet

Motilal Oswal
Negative asset quality surprise; Growth remains moderate; Cut earnings by 50% OBC reported net loss of INR4.2b led by weak PPoP (-24% YoY) and sharp rise in credit costs (3.9% v/s 1.3% in 2Q). During 3QFY16, staff expenses (+30% YoY)...
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