Oriental Bank of Commerce (OBC) may go in for a rights issue this fiscal to raise capital to support business growth, its Chairman and Managing Director S.L.Bansal has said. “We are keen on a rights issue. But a final call will be taken around September or October,” Bansal toldBusiness Line soon after a Board meeting here.
OBC on Thursday reported a 16.33 per cent increase in net profit for the financial year ended March 31, 2013 at Rs 1,327.95 crore (Rs 1,141.56 crore).
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