Oriental Bank of Commerce is planning to raise capital from the market through QIP for an amount not exceeding Rs 1000 crore. The timing and exact quantum of the issue would be decided by the Board/ Committee of Board in due course depending upon market conditions. The meeting of the Board of Directors of the Bank will be held on August 30, 2018, to consider the same.
Oriental Bank of Commerce is an India-based bank established in Lahore, is one of the public sector banks in India. It offers wide range of products and services such as saving accounts, deposits, loans, mutual funds, insurance, internet banking, debit card, credit card, etc.
