The government s move of raising its stake in Oriental Bank of Commerce to 58 per cent has given the bank headroom to dilute government stake to raise equity capital. Chairman and Managing Director Nagesh Pydah tells Manojit Saha the bank may come out with a follow-on public offer this financial year.
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Punjab National Bank, the country s second-largest lender, saw total business of Rs 5.55 lakh crore at the close of financial year 2010-11. The bank feels a further rate hike may put asset quality under pressure. In an interview with Manojit Saha, Chairman and Managing Director K R Kamath says a reversal in the rate cycle is possible in the the third quarter.
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