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Name of Company | Oriental Bank of Commerce |
BSE Code | 500315 |
NSE Code | ORIENTBANK |
ICICI Code | |
Established | |
My Take | Like |
Headquarters | |
Promoters | |
Story | 11th largest branch network and 10th largest bank by assets in India. Has over 1300 branches all over India. Government ownership is at 51% (cannot reduce further), FII holding is at 20% (cannot increase). |
Sector | Banking |
Sub-sector | Mid-sized PSU bank |
Website | |
Positives | 2010 Dividend yield was at 3% yield (at current price of 320) – dividend has been increasing from earlier years. 8000 Cr market cap for a 1100 Cr. 7000 Cr reserves for a 10K Cr revenues in FY10. Mostly maintains above 10% NPM's. Revenues growth from FY06 to FY10 has more than doubled from 4100 Cr to 10K Cr. |
Negatives | |
Peers | |
News | |
Price @ blogged | 320 (7-Jul-10) |
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Jul 4, 2010
Oriental Bank of Commerce - 500315
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