Oriental Bank of Commerce
Oriental Bank of Commerce
About Bank
Oriental Bank of Commerce made a beginning under its Founding Father, Late Rai Bahadur Lala Sohan Lal, the first Chairman of the Bank. Within four years of coming into existence, the Bank had to face partition. Branches in the newly formed Pakistan had to be closed down and the Registered Office had to be shifted from Lahore to Amritsar. Late lala Karam Chand Thapar, the then Chairman of the Bank, in a unique gesture honoured the commitments made to the depositors from Pakistan and paid every rupee to its departing customers.
The Bank has witnessed many ups and downs since its establishment. The period of 1970-76 is said to be the most challenging phase in the history of the Bank. At one time profit plummeted to Rs.175, that prompted the owner of the bank, the Thapar House, to sell / close the bank. Then employees and leaders of the Bank came forward to rescue the Bank. The owners were moved and had to change their decision of selling the bank and in turn they decided to improve the position of the bank with the active cooperation and support of all the employees. Their efforts bore fruits and performance of the bank improved significantly. This was the turning point in the history of the bank.
The bank was nationalized on 15th April, 1980. At that time total working of
the bank was Rs.483 crores having 19th position among the 20 nationalised banks.
Within a decade the bank turned into one of the most efficient and best
performing banks of India.[citation needed]
The bank has progressed on several fronts crossing the Business Mix mark of Rs 2
lacs crores as on 31st March 2010 making it the seventh largest Public Sector
Bank in India, achievement of 100% CBS, reorienting of lending strategy through
Large & Mid Corporates and establishment of new wings viz., Rural Development
and Retail & Priority Sector. The Bank has to its utmost credit lowest staff
cost with highest productivity in the Indian banking industry.
Latest Vacancies
Contact Details
Address:
Harsha Bhawan, E- Block,
Connaught Place,
New Delhi – 110001
Telephone Nos.:
- Toll Free Customer Care No. : 1800-180-1235
- Toll Free ATM Help Desk No. : 1800-345-2424 91-11-47651186, 47651820, 47651137, 47651154, 47651313 (Harsha Bhawan)
Website: http://www.obcindia.co.in
Courtesy: obcindia.co.in
