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Oriental Bank of Commerce gets approval for capital infusion of Rs 5,500 crore

09 Jan 2019 Evaluate

Oriental Bank of Commerce has received approval for raising capital for an amount upto Rs 5,500 crore through issuance of equity shares to the Government of India on preferential basis. The Board of Directors of the bank at its meeting held on January 08, 2019 has approved the same.

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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