Oriental Bank launches Equity

By Our Banking Bureau | 06 Oct 2004

1
New Delhi:Oriental Bank of Commerce (OBC) has launched Equity, a loan to buy IPO shares. Through this, OBC will offer a maximum amount of Rs 10 lakh.

The loan will be extended at nine per cent per annum. The margin to be contributed by the customer is 40 per cent.

The bank has said that no charge will be levied for demat account opened for availing the loan.

However, a fee of Rs250 and service charges applicable will have to be borne by the customer. The security for the loan would be pledge of the shares to be allotted.

Featured articles

Lighter than air, yet very, very powerful

By Kiron Kasbekar | 03 Jan 2024

In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!

COP28 explained: A closer look at COP28's climate change solutions

By Aniket Gupta | 27 Dec 2023

The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.

What is a Ponzi scheme?

By Aniket Gupta | 06 Dec 2023

Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.

The Rise and Rise of HDFC Bank

03 Jul 2023

HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp

India’s Millet Revolution To Enrich Global Food Basket

02 Apr 2023

Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent 

Market predator Hindenburg preys on Adani stock

06 Mar 2023

Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more

Latest articles

China's Chery to make cars in Spain, Thailand

 China's Chery to make cars in Spain, Thailand

ASML charts major expansion in Netherlands with new facility in Eindhoven

 ASML charts major expansion in Netherlands with new facility in Eindhoven

Elon Musk to visit India as govt tweaks FDI rules for space sector as well

 Elon Musk to visit India as govt tweaks FDI rules for space sector as well

CCI to engage agency for launching market study on AI

 CCI to engage agency for launching market study on AI

Vodafone Idea’s follow-on share offer subscribed 5.4 times

 Vodafone Idea’s follow-on share offer subscribed 5.4 times

India’s FY24 direct tax mop-up exceed revised estimates by Rs13,000 cr

 India’s FY24 direct tax mop-up exceed revised estimates by Rs13,000 cr

UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes

 UltraTech buys India Cement’s grinding unit, ups production capacity by 3 million tonnes

TSMC to get $6.6 bn direct federal funding for Arizona chip project

 TSMC to get $6.6 bn direct federal funding for Arizona chip project

RBI delays implementation of currency derivatives trading norms

 RBI delays implementation of currency derivatives trading norms