ORIENTAL BANK OF COMMERCE - Outcome of Board Meeting

Oriental Bank of Commerce has informed BSE that the Board of Directors of the Bank at its meeting held on February 11, 2016, inter alia, has also approved raising of equity capital of the Bank by way of preferential allotment of equity shares in favour of Government of India for an amount upto Rs. 1000 crore (Rupees one thousand crore only) and Life Insurance Corporation of India (LIC) for an amount upto Rs.500 crore (Rupees five hundred crore on in terms of SEBI (ICDR) Regulations 2009 / other applicable laws & guidelines and subject to requisite approvals.