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Oriental bank seeks capital infusion of Rs 500 crore from govt in FY15

16 Jun 2014 Evaluate

Oriental bank is seeking Rs 500 crore capital infusion aid from the government in FY15. Earlier, in the month of March, the bank reported that it was planning to raise Tier II Capital to the extent of Rs 1,000 crore through issue of Basel III compliant Tier II Bonds on private placement basis.

For the year ended March 31, 2014, the bank has posted fall of 14.19% in its net profit after tax at Rs 1139.41 crore as compared to Rs 1327.95 crore for the same period in the previous year. However, total income of bank has increased by 8.28% at Rs 20962.75 crore for year under review as compared to Rs 19359.49 crore for the period ended March 31, 2013.

Oriental Bank-Amalga Share Price

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