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June 17th, 2016, 01:08 PM
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Join Date: Mar 2012
Re: Oriental Bank of Commerce Merger

Hello, here I m providing you the details of the Oriental Bank of Commerce Merger as under;

Merger:
On 14 August 2004, OBC amalgamated Global Trust Bank (GTB). GTB was a leading private sector bank in India that was associated with various financial discrepancies leading to a moratorium being imposed by RBI shortly before it merged into OBC. The acquisition brought with it 103 branches, which increased OBC's branch total to 1092.

Key people
Shri Animesh Chauhan (CEO & MD)

Products
Investment banking
Consumer banking
Commercial banking
Retail banking
Private banking
Asset management
Pensions
Mortgages
Credit cards

Revenue
Increase ₹11457.17 crores (2010)

Net income
Increase ₹1134.68 crores (2010)

Total assets
Increase ₹8237.958 crores (2010)


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