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.