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Oriental Bank Of Commerce Ltd Plans To Raise INR1,200 Crore From Bonds In Next Two Months-The Economic Times

Sunday, 28 Oct 2012 02:03am EDT 

The Economic Times reported that Oriental Bank Of Commerce Ltd plans to raise INR1,200 crore (INR12 Billion) in the next two months through bonds to fund business growth. The Board approval for raising INR1,200 crore from Tier-II bonds. The bank could raise this amount during this quarter depending on the interest rate movement, OBC Executive Director V Kannan said. The fund will be raised through bonds from the domestic market. 

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