Oriental Bank of Commerce

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

HDFC Securities
OBC yet again disappointed with elevated slippages as high as 9.3%. The saving grace was that relapse from the restructured book contributed 44% to overall slippages. The operating performance remained dismal with elusive loan growth and NIMs dented by high interest reversals negating the impact of lower CoF. One-offs from provisions write back on restructured assets and high trading gains aided profitability.
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