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Oriental Bank aims to achieve credit growth of 12% in FY17

06 Jun 2016 Evaluate

Oriental Bank of Commerce (OBC) is targeting 12% credit growth in FY17 with focus on retail and SME lending. The bank witnessed a 3.78 percent credit growth in FY16.

Meanwhile, the state-owned bank has witnessed deterioration in asset quality with gross non-performing assets (NPAs), as a percentage of total advances, rising significantly to 9.57 percent in the fourth quarter of 2015-16, from 5.18 percent in the year-ago period. At the same time, the net NPA also rose to 6.70 percent as against 3.34 percent in the same quarter of the previous fiscal.

Oriental bank of Commerce offers a wide range of services in the Personal Banking, NRI services, Loan, Deposit Schemes and Financial services etc.

Peers
Company Name CMP
State Bank Of India 954.00
PNB 109.90
Bank Of Baroda 231.75
Canara Bank 118.50
Union Bank Of India 168.00
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