Date:28/07/2004 URL: http://www.thehindubusinessline.com/2004/07/28/stories/2004072802220800.htm

Back Oriental Bank bonds under rating watch

Our Bureau

NEW DELHI: ICRA has placed the `LAAA' rating assigned to the Tier-II bonds of Oriental Bank of Commerce (OBC) under rating watch.

The move comes in the wake of the proposed merger of Global Trust Bank (GTB) with OBC.

The rating agency has said that it is in the process of evaluating the impact of the merger and would announce its final view on the outstanding rating soon.