SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

OBC initiates recovery process for Moser Baer’s Rs 430 crore dues

10 Jun 2014 Evaluate

Oriental Bank of Commerce (OBC) has started the recovery process with respect to the Moser Baer dues of about Rs 430 crore and has also issued a notice to the company under the SARFAESI Act. Further, the bank plans to put Moser Baer’s assets on the block after 60-day waiting period if it fails to arrive at a suitable settlement with the borrower.

Oriental Bank of Commerce has posted fall of 14.19% in its net profit after tax for the year ended March 31,2014 at Rs 1139.41 crore as compared to Rs 1327.95 crore for the same period in the previous year. However, total income of bank has increased by 8.28% at Rs 20962.75 crore for year under review as compared to Rs 19359.49 crore for the period ended March 31, 2013.

Oriental Bank-Amalga Share Price

45.65 0.00 (0.00%)
20-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1091.80
PNB 109.15
Canara Bank 135.95
Bank Of Baroda 270.35
Union Bank Of India 167.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×