Celebrating 75 Years of Excellence
The journey of Oriental Bank of Commerce is a mirror of galloping Indian aspirations, it began 4 years before an independent India was born when Rai Bahadur Lala Sohan Lal ji Banks first chairman conceived the idea of floating a bank in the year 1943 .
On 19th February, 1943, Oriental Bank of Commerce came into existence with its first head office at Lahore, Pakistan. The first branch was opened in April 1943 at Mohan Lal Road, Lahore. At the end of year 1944 the bank had a network of 6 branches with Deposits of 82 Lacs and Advances of 30 Lacs.
Banks Head office was shifted from Lahore to Amritsar in 1947 and then to New Delhi in 1951. Bank was nationalised on 15th April 1980 and currently has its Corporate Office in Gurugram.
Over the year’s bank’s branch network has risen considerably from 1st branch in 1943 to 1000 branches in 2004 & 2381 branches and 2630 ATMs at present. Also during this Journey Bank has amalgamated Punjab Cooperative Bank Ltd & Bari Doab Bank Ltd in 1997 & Global Trust Bank in 2004.
Oriental Bank of Commerce celebrated its 75 years of operations on 19th February, 2018 and to commemorate the occasion, Banks Coffee table book& new website was launched by the chief guest Shri Shiv Pratap Shukla, Hon’ble Minister of State, Finance, Govt. of India, Delhi in the presence of Shri T.M. Bhasin, VC, CVC, Shri Mukesh Kumar Jain, MD & CEO, Oriental Bank, Shri Himanshu Joshi, ED, Oriental Bank and many dignitaries and employees of the Bank. The Coffee Table book is a treasure trove of rare information assembled and does not just list facts and figures but also include rare antique photographs, collaterals and instruments of the bank from its early days. The new website of the bank has been designed so that its becomes customer friendly and bank is able to promote all the products & services .
Shri Mukesh Kumar Jain, MD & CEO of the Bank, in his address to the Employees highlighted the journey of Oriental Bank of Commerce and the great contribution of Team OBC towards propelling the Bank to great heights.
Shri Himanshu Joshi commented “we aspire to emerge as a Preferred Bank by pursuing global benchmarks in operational efficiency, asset quality, profitability, risk management and expanding the global reach”