Oriental Bank of Commerce has allotted 13,89,89,804 equity shares of Rs 10 each at an Issue price (including premium) of Rs 85.33 per equity share aggregating up to Rs 1186 crore, to Government of India (President of India) on preferential basis on March 26, 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.