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Oriental Bank of Commerce Q4 Loss Widens To Rs 1,650 Crore
OBC's loss in Q4 of previous year stood at Rs 1,218 crore Indian banks have a massive bad loan problem amounting to Rs 9.5 trillion The March quarter loss of OBC stood at Rs 1,650 crore
12 May 2018, 09:06 PM IST 
Government of India infused Rs 3,571 crores towards capital contribution in OBC
The state-run Oriental Bank of Commerce (OBC) on Saturday posted a loss of Rs 1,650 crore for its March quarter (Q4) after the bad loans soared owing to new RBI (Reserve Bank of India) rules. The Oriental Bank of Commerce (OBC) bank had posted losses of Rs 1,218 crore in the year ago period (March quarter of 2017 fiscal). The PSU (public sector undertaking) banks, already saddled by a near-record Rs 9.5 lakh crore of bad loans, have ...
