Oriental Bank of Commerce will hold a meeting of the Board of Directors of the Company on 22 October 2019.

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Oriental Bank of Commerce has reduced the MCLR for different tenors with effect from 10 October 2019 as under -

Overnight MCLR - 7.85%
1 month - 7.95%
3 month - 8.10%
6 month - 8.20%
1 year - 8.35%

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Oriental Bank of Commerce fell for a fifth straight session today. The stock is quoting at Rs 58.1, down 1.02% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.49% on the day, quoting at 11258.9. The Sensex is at 38013.29, down 0.25%.Oriental Bank of Commerce has eased around 10.62% in last one month.Meanwhile, Nifty PSU Bank index of which Oriental Bank of Commerce is a constituent, has eased around 7.91% in last one month and is currently quoting at 2209.25, down 0.97% on the day. The volume in the stock stood at 3.19 lakh shares today, compared to the daily average of 8.13 lakh shares in last one month.

The PE of the stock is 14.33 based on TTM earnings ending June 19.

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Oriental Bank of Commerce announced that ICRA has revised the rating outlook of the Bonds from Stable to Rating watch with positive implications in view of the Ministry of Finance's announcement regarding the proposed amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank.

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