Oriental Bank of Commerce to raise Rs 1,000 crore from bonds

State-owned Oriental Bank of Commerce (OBC) today said it plans to raise up to Rs 1,000 crore from bonds to fund its growth. The bank intends to raise Tier II capital to the extent of Rs 1,000 crore through issue of Basel III compliant Tier II bonds on private placement basis, OBC said in a BSE filing. The government infused Rs 150 crore by way of preferential allotment in December. This lead to increase in government shareh...