State-owned Oriental Bank of Commerce today is looking at credit and deposit growth of up to 24 per cent each in the current fiscal. In the first-half of this fiscal, our credit has grown by 23 per cent. For the full year, it expects a credit growth of 20-22 per cent.
Credit growth has been slightly subdued this year compared to last year but now there are some signs of a pick-up. OBC is also eyeing a deposit growth of 24 per cent during the year. The bank plans to open 97 more branches by end this fiscal.
OBC has licences for 117 branches and of that 20 have already been opened. The remaining will be opened by end this fiscal. OBC plans to raise around Rs 300 crore in its Tier-I structure in the next few days.
crackcrackCompany Name | CMP |
---|---|
SBI | 821.30 |
Bank Of Baroda | 262.50 |
PNB | 126.15 |
Canara Bank | 114.50 |
Union Bank Of India | 141.15 |
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