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Oriental Bank intends to raise Rs 500 crore through Basel-III bonds

22 Aug 2017 Evaluate

Oriental Bank of Commerce is intending to raise Tier 1 Capital through Private Placement of Basel Ill Compliant Additional Tier 1 Bonds of Rs 10,00,000 each at par aggregating to Rs 500 crore with an option to retain oversubscription of upto Rs 500 crore. The proposed Bonds Issue has been rated as 'A’ (Hyb.) with negative outlook by ICRA and 'A' with negative outlook by CARE.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 13.80%, as compared to 7.75% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 9.68% in Q3FY17.

Oriental Bank-Amalga Share Price

45.65 0.00 (0.00%)
20-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1094.40
PNB 109.40
Canara Bank 136.25
Bank Of Baroda 270.20
Union Bank Of India 167.50
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