Corporate Announcement
Security Code : 500315    Company : ORIENTBANK    
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  Exchange Received Time  07/10/2017 18:21:21         Exchange Disseminated Time   07/10/2017 18:21:26              Time Taken   00:00:05
This is to inform that the Reserve Bank of India vide its letter dated October 5, 2017 has put the Bank under Prompt Corrective Action in view of high Net NPA. 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.

This information is being submitted in compliance of Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015.


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