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.
