Oriental Bank of Commerce to raise 1000 crore
The Oriental Bank of Commerce is planning to raise ₹1,000 crore through additional Tier-I bonds (AT1) to increase its capital adequacy and business growth, reports claimed. India Ratings has assigned an 'A+' rating to OBC's AT1 bonds with a stable outlook, which reflects the bank's standalone credit profile. OBC will reportedly need ₹5,600 crore of Tier-I capital till FY19.