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.