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Oriental Bank of Commerce says no specific merger plan now

Friday, June 7, 2019, 3:52 PM

Oriental Bank of Commerce (OBC) said that its board hasn't approved any "specific proposal" on merging any other public sector lender with itself. The bank hasn't sought the finance ministry's approval on any such merger, OBC said in a BSE filing. Media reports, had earlier suggested that OBC had floated the idea of combining with Indian Bank and Corporation Bank.

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