CRISIL reaffirms A1+ rating on Certificate of Deposits of OBC

CRISIL has reaffirmed A1+ rating on Certificate of Deposits and placed the rating of FAA+ on Fixed Deposits programme on "Rating Watch with Positive Implications" in view of the proposed amalgamation of Oriental Bank of Commerce (OBC) and United Bank of India with Punjab National Bank.

Shares of ORIENTAL BANK OF COMMERCE was last trading in BSE at Rs.54.55 as compared to the previous close of Rs. 53. The total number of shares traded during the day was 73393 in over 574 trades.

The stock hit an intraday high of Rs. 55.2 and intraday low of 53.25. The net turnover during the day was Rs. 3997377.

Source : Equity Bulls

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