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Oriental Bank of Commerce
Even though we expect to remain more or less in line with Q1 figure, NIM will remain
under pressure for the bank.
Growth in business will be on the lower side of the industry. CASA has been deteriorating since the
previous 2‐3 quarters and given the current market condition, we expect our concerns over the
same.
The asset quality of the bank has been deteriorating since Q2FY11 till Q1FY12 with gross NPA
moving up from 1.67% to 2.07% from Q2FY11 to Q1FY12 respectively. We do not expect asset
quality to improve substantially as thebank is still shifting towards systembased recognition of
NPA’s.
Return ratios are expected to be more or less in line with Q1FY12.
Currently, the stock is available at a P/ABV of ~0.6x FY13E.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Oriental Bank of Commerce
Even though we expect to remain more or less in line with Q1 figure, NIM will remain
under pressure for the bank.
Growth in business will be on the lower side of the industry. CASA has been deteriorating since the
previous 2‐3 quarters and given the current market condition, we expect our concerns over the
same.
The asset quality of the bank has been deteriorating since Q2FY11 till Q1FY12 with gross NPA
moving up from 1.67% to 2.07% from Q2FY11 to Q1FY12 respectively. We do not expect asset
quality to improve substantially as thebank is still shifting towards systembased recognition of
NPA’s.
Return ratios are expected to be more or less in line with Q1FY12.
Currently, the stock is available at a P/ABV of ~0.6x FY13E.
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