number of branches of oriental bank of commerce in india
1092
title: Oriental Bank of Commerce text: Oriental Bank of Commerce Oriental Bank of Commerce is an India-based bank established in Lahore (then the city of United India, and currently in Pakistan), is one of the public sector banks in India. Bahadur Lala Sohan lal ji the first Chairman of the Bank, founded OBC in 1943 in Lahore. Within four years of its coming into existence, OBC had to face Partition. The bank had to close down its branches in the newly formed Pakistan and shift its registered office from Lahore to Amritsar. Lala Karam Chand Thapar, the then Chairman of the Bank, in a unique gesture title: Oriental Bank of Commerce text: as on 31 March 2010 making it the seventh largest Public Sector Bank in India. 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. The Chairpersons (CMD) of the bank were as under: The bank offers a wide range of banking products and services such as deposit accounts, loans, debit cards, credit cards (with tie title: Oriental Bank of Commerce text: Kaithal). The pilot launch was a great success. Emboldened by the success, Bank extended the programme to more villages. At present, it covers 15 villages; 10 in Punjab, 4 in Haryana and 1 in Rajasthan. The programme focuses on providing a comprehensive and integrated package providing rural finance to the villagers with Village Development as its focus, thus contributing towards infrastructural development and augmentation of income for each farmer of the village. The Bank has implemented 14 point action plan for strengthening of credit delivery to women and has designated 5 branches as specialised branches for women entrepreneurs. Oriental Bank title: Oriental Bank of Commerce text: 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 nationalised on 15 April 1980. At that time OBC ranked 19th among the 20 nationalised banks. In 1997, OBC acquired two banks: Bari Doab Bank and Punjab Cooperative Bank. The acquisition of these two banks brought with it no additional branches. The bank has progressed on several fronts, crossing the Business Mix mark of 2 lac crores title: Axis Bank text: Corporation of India (LIC), General Insurance Corporation, National Insurance Company, The New India Assurance Company, The Oriental Insurance Corporation and United India Insurance Company. In 2001 UTI Bank agreed to merge with and amalgamate Global Trust Bank, but the Reserve Bank of India (RBI) withheld approval and nothing came of this. In 2004 the RBI put Global Trust into moratorium and supervised its merger into Oriental Bank of Commerce. In 2003 UTI Bank became the first Indian bank to launch the travel currency card. In 2005, UTI bank got listed on London Stock Exchange. UTI Bank opened its first overseas