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Oriental Bank of Commerce raises Rs 5,500 crore through preferential basis
Feb-16-2019

Oriental Bank of Commerce has raised Rs 5,500 crore through allotment of 57,23,20,499 equity shares of Rs 10 each at an Issue price (including premium) of Rs 96.10 per equity share to Government of India (President of India) on preferential basis on February 14, 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.

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