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Oriental Bank of Commerce planning to raise Rs 1,186 crore via preferential basis

31 Jan 2019 Evaluate

Oriental Bank of Commerce is planning to raise capital for an amount aggregating upto Rs 1,186 crore through issuance of equity shares to the Government of India on preferential basis. The Board of Directors of the bank at its meeting to be held on February 05, 2019 to consider the same.

Earlier, the Government of India had conveyed its decision to invest Rs 1,186 crore in the equity capital of the Bank by way of preferential allotment.

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.

Oriental Bank-Amalga Share Price

45.65 0.00 (0.00%)
20-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1095.60
PNB 110.15
Canara Bank 138.10
Bank Of Baroda 270.80
Union Bank Of India 168.70
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