Oriental Bank says under India central bank ‘corrective action’
Oriental Bank of Commerce posted
Mumbai - Arab News
Oriental Bank of Commerce, a mid-sized Indian state-run lender, said the nation’s central bank has initiated “prompt corrective action” against the bank over its high amount of net non-performing assets (NPA).
Oriental Bank is the seventh state-run lender to be put under a corrective action plan, which requires a bank to enact curbs on hiring, branch expansion and taking on new loans.
“This action will not have any material impact on the performance of the bank and will contribute in overall improvement in its risk management, asset quality, profitability and efficiency,” the lender said in a stock exchange filing late on Saturday.
The bank posted a net loss for the June quarter, with net NPA rising to 9.56 percent.
Source: Arab News
- Friday ,16 November GMT 15:05 2018 World Bank Regional Vice President First Visit to West Bank and Gaza
GMT 14:08 2018 Friday ,14 December
Bank of Russia raises key rateGMT 13:23 2018 Thursday ,13 December
Philippine central bank holds overnight borrowing rate steadyGMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buyingGMT 20:46 2018 Wednesday ,05 December
World Bank funds water projects in North Kordofan StateGMT 15:06 2018 Friday ,30 November
Egypt, World Bank seek cooperation in solid waste recyclingGMT 12:21 2018 Wednesday ,28 November
BisB silver partner of World Islamic Banking ConferenceGMT 09:19 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projectsGMT 15:05 2018 Friday ,16 November
World Bank Regional Vice President First Visit to West Bank and Gaza
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 15:23 2017 Tuesday ,19 December
Pope, Jordan’s King Abdullah, discuss Trump’s Jerusalem move
GMT 03:20 2017 Sunday ,10 December
US President Trump recognizes Jerusalem as capital of the IsraeliGMT 07:08 2013 Friday ,04 January
Nureyev\'s legacy in spotlight, 20 years on
GMT 05:44 2017 Sunday ,01 October
Wales rugby player Scott Baldwin pats lion
GMT 14:00 2017 Thursday ,02 November
Saudi forms new authority for cyber security
GMT 18:59 2017 Monday ,30 October
Dubai Municipality organises food safety workshop for Expo 2020 team
GMT 21:40 2015 Monday ,02 February
ChiNext Index opens lower Monday
GMT 02:11 2017 Monday ,09 October
Saudi Princess Nourah University to establish a women
GMT 23:07 2017 Thursday ,10 August
Abu Dhabi Crown Prince to visit India on Wednesday
GMT 12:58 2017 Monday ,27 March
Launches Kit & Kin &appoints Franklin Rae
GMT 01:20 2017 Tuesday ,29 August
Women`s quality, not quantity, needed in parliament
GMT 16:36 2017 Sunday ,18 June
Netanyahu calls to end Palestinian payments to attacker families
GMT 10:09 2017 Sunday ,15 October
Malabar Gold launches 3 stores
GMT 06:46 2024 Monday ,05 February
Yandex.Taxi service begins operating in Israel under Yango brand
GMT 13:00 2018 Tuesday ,16 January
Sarraf, Marotti inspect MIBIL post in Tyre
GMT 16:56 2017 Monday ,06 February
Aoun welcomes KSA's Al Sabhan
GMT 13:21 2016 Wednesday ,16 March
PlayStation virtual reality gear to launch in October
GMT 23:31 2017 Saturday ,23 December
Dubai Exports brings businesses in UAE and Vietnam closer
GMT 07:34 2017 Sunday ,03 September
Bahrain weather forecastGMT 00:57 2011 Sunday ,01 May
Dubai Fashion Week: Fall/Winter 2011
GMT 15:29 2017 Sunday ,17 December
Montpellier's Cruden suffers knee injury
GMT 04:16 2017 Thursday ,08 June
Costa says Conte 'doesn't want me' at Chelsea
GMT 13:37 2016 Tuesday ,08 November
Bale keeps Real Madrid ahead; Messi gets his 500th goal for Barca
GMT 23:40 2017 Thursday ,14 December
HM King Hamad thanked by Algerian President
GMT 00:43 2017 Thursday ,14 December
Special promotions in medical check-ups in Cuba
GMT 09:51 2017 Monday ,06 March
UAE company unveils world’s most secure phone
GMT 14:07 2017 Thursday ,14 September
Waymo suit against Uber on road to trial
GMT 20:05 2017 Wednesday ,18 October
White House slams 'dangerously flawed' court decision
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor