Details about the Oriental Bank of Commerce also known as OCB
The Oriental Bank of Commerce (OBC) is a federal government of India that was formed in 1943. Back then, its business activities included the commercial financing of commercial banks, savings banks and discounted houses.
During 1951, a registered bank office was moved to Delhi, from Lahore in Pakistan. During 1980, the bank was nationalized. Later in 1992, the bank established its own broker banking class.
During 1997 two banks, Punjab Cooperative Bank and Bari Doab Bank merged into OBC. Soon next year the bank worked with Citibank to introduce an integrated credit card. During 1999 it established a special procurement branch in Mumbai and Delhi.
During 2002 OBC established a special branch, made exclusively for women entrepreneurs. That same year he met with Corporation Bank to share their ATM network.
During 2006 the bank entered into a Memorandum of Understanding (MOU) with IL & FS Investment Securities to provide shared trading facilities for its customers. During 2007 the bank partnered with Escorts to provide farmers with tractor financing. That same year, it partnered with IDBI Capital Market Services to provide its customers with online trading platforms.
During 2008 it entered into distribution with Kotak Mahindra Asset Management Company.
Types of Businesses:
- Personal Banking – Provides a variety of products and services such as savings accounts, deposits, loans, joint ventures, insurance, online banking, bank card, credit card, etc.
- Corporate Banking- provides a variety of services to its corporate clients such as financial management services, loans, operating funds, etc.
- NRI Banking- In addition to various personal banking products, it also offers remittance services, consulting services with its NRI clients.
- It also provides a variety of products and services in the main SME sector.