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Jul 4, 2010

Oriental Bank of Commerce - 500315

 

 

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

http://www.obcindia.co.in/

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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