Oriental Bank of Commerce is an India-based bank set up in Lahore (then the city of British India, and as of now in Pakistan), is one of general society division banks in India.

Rai Bahadur Lala Sohan Lal, the main Chairman of the Bank, established OBC on February 19, 1943 in Lahore.

The Bank has seen numerous high points and low points since its foundation. The time of 1970-76 is said to be the most difficult stage ever.

Overview

The bank offers an extensive variety of saving money items and administrations, for example, store accounts, advances, platinum cards, Mastercards (with tie up with SBI), Insurance items, ATMs, Internet keeping money, Mobile Banking, Self-managing an account corridors, call focus, and so forth.

The Bank has propelled yet another individuals' investment in the arranging procedure at grass root level basically to handle the diseases of neediness. The Grameen Projects wander intends to reduce destitution in addition to recognize the reasons in charge of the disappointment or achievement.

1980

- The Oriental Bank of Commerce Constituted through an Act of Parliament on eleventh July. The Bank executes a wide range of keeping money business.

1998

- The Bank had 841 branches, containing 247 country branches, 271 semi-urban branches, 220 urban branches and 103 Metropolitan branches.

- OBC is likewise propelling Mastercards in a matter of seconds for which it has officially tied up with Master-Card.

- Oriental Bank of Commerce (OBC) has turned into the principal open division bank in the nation to hold hands with Citibank to dispatch OBC co-marked charge card. The formal consent to this impact was marked between the two accomplices on 27th July.

2002

- Opens a particular branch for ladies business people

- Slashes financing costs on home advances

- Revises store rates

- Raises Rs 200 crore Tier-II capital through issue of bonds

- Ties up with Corporation Bank to share each other's ATM system

2005

- Oriental Bank of Commerce (OBC) has recouped Rs 100 crore of non-performing resource (NPAs) of the beleagured Global Trust Bank, which was converged into it in July, and plans to recuperate another Rs 100-150 crore soon.

- Government supports the second open issue of the Delhi-based Oriental Bank of Commerce (OBC). The Rs 2,000-crore issue will cut down government value in general society part bank to 51% from 66% as of now.

- Mr K.N. Prithviraj named as the new Chairman and Managing Director, Oriental Bank of Commerce.

- Oriental Bank of Commerce in conference with all the Book Running Lead Managers to the issue, has settled the issue cost at Rs 250 for each offer.

- Oriental Bank of Commerce names Ms H A Daruwalla as Chairman and Managing Director upto December 12, 2008

2010

- Oriental Bank of Commerce has designated Shri K. H. Pandey, as Workmen Employee Director of Oriental Bank of Commerce.

- Oriental Bank of Commerce has educated that the Central Government vide notice dated July 21, 2010 has selected Shri S. S. Shishodia, as Officer Employee Director of Oriental Bank of Commerce.

- Oriental Bank Of Commerce has educated that "The Ministry Of Finance, Government Of India vide warning no. F.No.9/2/2007-BO.I dated July 30, 2010 has delegated Shri B.Sriniwas, as RBI Nominee Director (set up of Sh. S K Newlay) of Oriental Bank of Commerce.

- Oriental Bank of Commerce has named Shri B. Sriniwas, as RBI Nominee Director (set up of Sh. S. K. Newlay) of Oriental Bank of Commerce.

2011

- Shri Nagesh Pydah, as Chairman and Managing Director of Oriental Bank of Commerce.

- The OBC clients can now utilize their ATMs to pay their Income Tax.

- Oriental Bank of Commerce today declared a profit @ Rs. 10.40 for every offer (104%) on value offers for the budgetary year.

2012

- Board prescribed a Dividend of Rs. 7.90 for every offer.

2013

- The compnay has delegated Shri Madhu Sudan Sahoo as a non-official Director

- Board prescribed a Dividend of Rs. 9.20 for every offer.

2014

- The compnay has designated Shri Rajan Kumar, as a Government Nominee Director

Address:

Oriental Bank of Commerce
Headquarter
Corporate Office
Plot No. 5, Institutional Area ,
Sector - 32
Gurgaon – 122001