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Oriental Bank of Commerce gets approval for capital infusion of Rs 5,500 crore

Oriental Bank of Commerce gets approval for capital infusion of Rs 5,500 crore

Oriental Bank of Commerce has received approval for raising capital for an amount upto Rs 5,500 crore through issuance of equity shares to the Government of India on preferential basis. The Board of Directors of the bank at its meeting held on January 08, 2019 has approved the same.

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.