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Oriental Bank of Commerce trades higher on the bourses

Oriental Bank of Commerce is currently trading at Rs. 66.40, up by 0.20 points or 0.30% from its previous closing of Rs. 66.20 on the BSE.

The scrip opened at Rs. 66.80 and has touched a high and low of Rs. 66.80 and Rs. 65.20 respectively. So far 44066 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 119.00 on 01-Apr-2019 and a 52 week low of Rs. 58.10 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 74.20 and Rs. 65.00 respectively. The current market cap of the company is Rs. 9029.68 crore.

The promoters holding in the company stood at 87.58%, while Institutions and Non-Institutions held 7.90% and 4.52% respectively.

Reserve Bank of India (RBI) has imposed an aggregate penalty of Rs 1 crore on Oriental Bank of Commerce for violating RBI Master Direction dated July 01, 2016 on ‘Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) Directions 2016’ and non-compliance of RBI circular dated May 15, 2004 on ‘Opening of Current Accounts by Banks – Need for discipline’.

The aforesaid penalty is required to be paid within 14 days from the date of receipt of the Order.

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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