Following footsteps of India's biggest state-owned lender SBI, Oriental Bank of Commerce (OBC) also slashed fixed deposit interest rates on select maturities by up to 0.5 per cent.

Fixed deposit for a period of 91 days to 79 days will now fetch 7.50 per cent interest for OBC customers, down from 8 per cent. Interest on term deposit of 180 days to 269 days has also been slashed by 0.5 per cent, at 8 per cent.

New Delhi-based, the Oriental Bank of Commerce has revised its interest rates for FCNR (B) term deposits and NRE term deposits following relaxation of rules by the RBI to support a falling rupee.

The revised interest rates of the bank will be effective from November 23. The bank has also revised FCNR (B) deposit rates on all maturities from 1-5 years for US Dollars, British pounds, Euro, Australian Dollar, Canadian Dollar and Japanese Yen.

After the meeting of Board of Directors, Oriental Bank of Commerce announced that Central Government will infuse Rs. 1,740 crore in the bank to shore up the bank's equity capital.

In the recent meeting of Board of Directors, held on March, 5, 2011 it was decided that the public sector Bank will raise Rs. 1740 crore. This will be done by creating, offering and issuing 4, 12,21,491 equity shares. These shares will have a value of Rs. 10 each and issue price of Rs. 422.11.

Technical analyst Rajesh Agarwal of Eastern Financiers Ltd has maintained 'buy' rating on Oriental Bank of Commerce stock to achieve a long term target.

According to analyst, the investors can buy the stock on dips of 5-6%.

Today, the stock of the company opened at Rs 383 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 545 and a low of Rs 230 on BSE.

Current EPS & P/E ratio stood at 54.57 and 7.10 respectively.

Oriental Bank of Commerce (OBC) has recorded a rise of 46.84% in its net profit of Rs 3,976.50 million for July-December period.

Stock market analyst Sanjay Surekha has maintained 'buy' rating on Oriental Bank of Commerce stock with a short term target of Rs 485.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 440.

Today, the stock of the bank opened at Rs 460 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 476.75 and a low of Rs 225 on BSE.

Current EPS & P/E ratio stood at 49.51 and 9.31 respectively.

Stock market analyst Gajendra Nagpal of Unicon Financial has maintained 'buy' rating on Oriental Bank of Commerce (OBC) stock for short term.

According to analyst, the interested investors can buy the stock with a target of Rs 500.

The stock of the company, on Sep 16, closed at Rs 456.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 476.75 and a low of Rs 225 on BSE.

Current EPS & P/E ratio stood at 49.51 and 9.23 respectively.

Leading public sector lender of the country, Oriental Bank of Commerce has announced its first quarter financial results for the fiscal year 2010-11.

According to the report, it has registered a significant rise in its net profit figure in the quarter under review.

Stock market analyst Salil Sharma has maintained 'hold' rating on Oriental Bank of Commerce (OBC) stock with short term target of Rs 394.

According to analyst, the interested investors can buy the stock with stop loss of Rs 371

Today, the stock of the bank opened at Rs 378 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 45.29 and 8.80 respectively.

The share price has seen a 52-week high of Rs 384.50 and a low of Rs 163 on BSE.

India's leading bank Oriental Bank of Commerce (OBC) has announced it's fourth quarter financial results. The bank has managed to produce a remarkable rise in net profit in the current quarter. As per the report the net profit of the company has increased by 61.9%. It has touched Rs 317.04 crore for the January-March quarter of 2009-10. The bank had earned Rs 195.82 crore for the same quarter in the preceding year.

However, the total income of the company has been increased to Rs 2,950 crore in this quarter. But last year it was around Rs 2,689.38 crore in the fourth quarter.

The Oriental Bank of Commerce announced that its net profit grew 75.33%to Rs 317.04 crore during the January-March quarter as compared to Rs 180.82 crore during the same period a year ago.

The public sector lender recorded an increase of 9.72% in its total income, which stood at Rs 2,950.90 crore from Rs 2,689.38 crore during the same period of 2009.

For the fiscal ended March 31, 2010, OBC's net profit rose 27.43%to Rs 1,134.68 crore as compared to Rs 890.42 crore during the previous fiscal.

Technical analyst Kiran Jadhav is of the view that investors can buy Oriental Bank to achieve an intraday target between Rs 352-355.

According to him, the investors will buy the stock with a strict stop loss of Rs 330.

Today, the shares of the bank opened at Rs 339.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 342.80 and a low of Rs 108 on BSE.

Current EPS & P/E ratio stood at 40.45 and 8.51 respectively.

Stock market analyst Hitendra Vasudeo of stockmechanics. com maintained 'Buy' rating on Oriental Bank of Commerce to achieve a target of Rs 319.40 in 4-5 trading sessions.

According to Mr. Vasudeo, interested investors can buy the stock around Rs 284.90-276.10 with a strict stop loss of Rs 272.

Today, the shares of the company opened at Rs 291.40 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 38.96 & 7.39 respectively.

The share price has seen a 52-week high of Rs 281.15 and a low of Rs 94.60 on BSE.