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Oriental Bank of Commerce to raise Rs 178 crore from LIC

18 Apr 2016 Evaluate

Oriental Bank of Commerce (OBC), the state-owned bank has decided to raise Rs 178 crore by issuing shares to Life Insurance Corporation of India (LIC) on a preferential basis. The decision to issue over 2 crore shares to LIC was taken at the bank's extra-ordinary general meeting held on March 29, 2016.

Oriental bank of Commerce offers a wide range of services in the Personal Banking, NRI services, Loan, Deposit Schemes and Financial services etc.

Peers
Company Name CMP
State Bank Of India 954.00
PNB 109.90
Bank Of Baroda 231.75
Canara Bank 118.50
Union Bank Of India 168.00
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