Oriental Bank of Commerce has received an approval to raise funds from the market through Qualified Institutional Placement (QIP) for an amount not exceeding Rs 1,000 crore. The Board of Directors of the bank at its meeting held on August 30, 2018, approved 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.
