Usually, results of smaller public sector banks don’t invoke much investor interest. But in case of Oriental Bank of Commerce (OBC) and United Bank of India (UBI), it was different.
Both the banks, which draw a bulk of their business from the Eastern and North Eastern regions of India, have lately made a rather strong statement that they would like to be seen as strong acquisition candidates and not as acquisition targets. Coming from banks with balance sheet strength of Rs 2.65 trillion - Rs 4.85 trillion, these statements took many by surprise. The circumstances under which these ...
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