Oriental Bank of Commerce to consider infusion of Rs 5500 crore by GoI

Oriental Bank Of Commerce - (Amalgamated) | Bank - Public | BFSI | BSE: 500315 | NSE: ORIENTBANK

31 Dec 2018 Evaluate

Oriental Bank of Commerce is going to consider the proposal of raising capital for an amount aggregating up to Rs 5500.00 crore through issuance of equity shares to the Government of India (GoI) on preferential basis.

The Board of Directors of the Bank would be considering the same by way of circular resolution on or after January 02, 2019.

Oriental Bank of Commerce is a commercial bank. The Bank operates in four segments: treasury operations, corporate/wholesale banking, retail banking and other banking business operations.

Peers

Company Name	CMP
State Bank Of India	997.00
PNB	116.65
Bank Of Baroda	237.80
Canara Bank	123.90
Union Bank Of India	178.00
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