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. … Read more

Oriental Bank of Commerce planning to divest stake in its life insurance JV

Oriental Bank of Commerce is planning to divest stake in its life insurance Joint Venture (JV) Canara HSBC OBC Life Insurance to conserve capital. The bank holds 23% in the company, while Canara Bank holds 51% and HSBC holds 26% stake. The Bank’s divestment decision is due to the government’s Public Sector Bank Reforms Agenda. … Read more

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