Banking seems to be the most happening sector with restructuring and repositioning becoming the name of the game.
The New Delhi-based Oriental Bank of Commerce has mandated State Bank of India's investment banking arm, SBI Caps, to explore diversification of business for the bank.
According to sources, Oriental Bank of Commerce is looking at diversifying into non-banking business too.
Life Insurance Corporation had taken around a 9 per cent stake in the listed bank.
SBI Caps has also been given the mandate of Chennai-based Bharat Overseas Bank.
Bharat Overseas -- which has been floated by seven public sector banks -- is planning to review its existing operations.
The biggest merger in the banking sector -- that of ICICI with ICICI Bank -- is round the corner.
Last year, Bank of Madura got merged with ICICI Bank, while UTI Bank had an abortive attempt to merge with Global Trust Bank.
Meanwhile, Bank of Baroda is repositioning itself following the recommendations of infotech consultant Gartner.
