#1
June 17th, 2016, 01:07 PM
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Oriental Bank of Commerce Merger
Hello, I want to know the details of the Oriental Bank of Commerce Merger. Will you please provide me?
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#2
June 17th, 2016, 01:08 PM
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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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