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India Ratings places Oriental Bank of Commerce's Long-Term Issuer Rating on RWE

06 Sep 2019 Evaluate

India Ratings (Ind-Ra) has placed the Long-Term Issuer Rating of Oriental Bank of Commerce on ‘Rating Watch Evolving (RWE)’ following the Ministry of Finance's announcement regarding the proposed amalgamation of Oriental Bank of Commerce and United Bank of India with Punjab National Bank.

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 1080.50
PNB 143.00
Bank Of Baroda 273.55
Canara Bank 131.00
Union Bank Of India 203.00
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