ORIENTAL BANKOF COMMERCE
Oriental Bank of Commerce India was established in the year 1943 on 19th February in Lahore. After partition, Oriental Bank of Commerce shifted its Registered Office from Lahore to Amritsar paying every rupee to its departing customers.
Oriental Bank of Commerce was nationalised on 15th April in 1980. Then OBC bank had 307 branches with Rs. 282.61 crores as deposits and as advance Rs. 152.69.
The National Institute of Bank Management (NIBM), rated OBC Bank as "Customer Friendly" Bank.
Oriental Bank of Commerce Fact File
* Amongst the strongest banks in India
* High Capital Adequacy Ratio
* Consistent Profit-making Bank
* One of the Lowest Spreads in Banking Industry
* Total Working crosses the 35700 crore mark
* CRISIL Ratings
* The Highest Productivity per Employee
* NPA - One of the lowest
OBC India Grameen Project
OBC India is implementing Grameen Projects in places like Dehradun in UP and Hanumangarh in Rajasthan. The Grameen Project of OBC India venture aims to alleviate poverty alongwith to identify the reasons responsible for the future or success.
OBC has formulated the pattern of Bangladesh Grameen Bank with a unique feature of disbursing small loans ranging from Rs. 75 onwards. The Bank is providing
training to rural people in using locally available raw material to produce pickles, jams etc. This inreturn increases self-employment and adds in increasing the income levels.
OBC India is also working upon The Comprehensive Village Development Programme. At present it is covering number of villages in Punjab, Haryana, Rajasthan. Under this programme, Oriental Bank of Commerce is focussing upon comprehensive and integrated package to rurals.
Profitability of OBC
The gross profit OBC Bank stood at Rs. 1533 Crore as against Rs. 1163 Crore last year. After providing for contingencies and more than required provisions against non performing assets, the Bank has earned a handsome net profit of Rs. 686 Crore as against Rs. 457 Crore last year, thereby registering a growth of 50 % mainly on account of reduction in cost of deposits, strict control on expenses, efficient cash management, treasury income and large recoveries in N P A accounts.
Dividend of OBC
The Oriental Bank of Commerce has provided for payment of 30% final dividend to the shareholders in addition to 20% interim dividend already paid during the financial year 2003-04 making total dividend 50%.
Retail Portfolia of OBC
The retail loans of OBC have increased to Rs. 4318 Crores as against Rs. 2779 Crores last year, with a growth of 55.4%. These assets constitute 20.9 % of total loan assets. Oriental Bank of Commerce Housing loans account for 80% of retail portfolio.
OBC Shareholder's Equity
The Net worth of Oriental Bank of Commerce has improved by Rs.567.46 Crore and reached a level of Rs. 2676.79 Crore against Rs. 2109.33 Crore last year.
The OBC Business
The total business of Oriental Bank of Commerce has gone up to Rs. 56286 Crore from Rs. 46333 Crore last year thus registering a growth of 21.5%, due to high growth in deposits as well as advances. The deposit growth of OBC has been to the extent of 19.7 %(previous year 4.63%) while in advances the growth is 25.5 % (previous year 10.7%).
Technology Implementation
Oriental Bank of Commerce of India has implemented Centralized Banking Solution in 21 branches till date. It will give freedom of anywhere and anytime banking to customers. The business captured has resulted in 97% live computerized environment as against 93% last year. More than 350 branches have been networked.
Oriental Bank of Commerce Addresses
Main Pune Office
Dinshaw House,
917 / 918, Synagogue Street, Near Gita Society,
Pune - 411001. Maharashtra. INDIA.
Telephone : 91 020 612 7537, 613 5492
Fax No. : 91 20 613 2083
Email : orientalbank@gnpun.global.net.in
Head Office
Harsha Bhawan,
E- Block, Connaught Place,
New Delhi - 110001
INDIA
Telephone : 91 011 23417121, 23416691
Fax No. : 91 011 25760544
E mail : obc@obcindia.com, obc@id.eth.net
New Delhi Office
Oriental Bank of Commerce
4 - N Block Market,
GRETAER KAILASH, Part - I
New Delhi - 110 048.
Telephone : 011-26281560, 26281561
Fax. : 011-26281559
Mumbai Office
Oriental Bank of Commerce
Corporate Group Finance Branch
181 - A, Maker Tower. 'E', 18th Floor,
Cuffe Parade, MUMBAI - 400005.
Telephone No.: 91 -22 - 22153836, 22154243
Fax : 91 -22-22153533, 22165849
Oriental Bank of Commerce was nationalised on 15th April in 1980. Then OBC bank had 307 branches with Rs. 282.61 crores as deposits and as advance Rs. 152.69.
The National Institute of Bank Management (NIBM), rated OBC Bank as "Customer Friendly" Bank.
Oriental Bank of Commerce Fact File
* Amongst the strongest banks in India
* High Capital Adequacy Ratio
* Consistent Profit-making Bank
* One of the Lowest Spreads in Banking Industry
* Total Working crosses the 35700 crore mark
* CRISIL Ratings
* The Highest Productivity per Employee
* NPA - One of the lowest
OBC India Grameen Project
OBC India is implementing Grameen Projects in places like Dehradun in UP and Hanumangarh in Rajasthan. The Grameen Project of OBC India venture aims to alleviate poverty alongwith to identify the reasons responsible for the future or success.
OBC has formulated the pattern of Bangladesh Grameen Bank with a unique feature of disbursing small loans ranging from Rs. 75 onwards. The Bank is providing
training to rural people in using locally available raw material to produce pickles, jams etc. This inreturn increases self-employment and adds in increasing the income levels.
OBC India is also working upon The Comprehensive Village Development Programme. At present it is covering number of villages in Punjab, Haryana, Rajasthan. Under this programme, Oriental Bank of Commerce is focussing upon comprehensive and integrated package to rurals.
Profitability of OBC
The gross profit OBC Bank stood at Rs. 1533 Crore as against Rs. 1163 Crore last year. After providing for contingencies and more than required provisions against non performing assets, the Bank has earned a handsome net profit of Rs. 686 Crore as against Rs. 457 Crore last year, thereby registering a growth of 50 % mainly on account of reduction in cost of deposits, strict control on expenses, efficient cash management, treasury income and large recoveries in N P A accounts.
Dividend of OBC
The Oriental Bank of Commerce has provided for payment of 30% final dividend to the shareholders in addition to 20% interim dividend already paid during the financial year 2003-04 making total dividend 50%.
Retail Portfolia of OBC
The retail loans of OBC have increased to Rs. 4318 Crores as against Rs. 2779 Crores last year, with a growth of 55.4%. These assets constitute 20.9 % of total loan assets. Oriental Bank of Commerce Housing loans account for 80% of retail portfolio.
OBC Shareholder's Equity
The Net worth of Oriental Bank of Commerce has improved by Rs.567.46 Crore and reached a level of Rs. 2676.79 Crore against Rs. 2109.33 Crore last year.
The OBC Business
The total business of Oriental Bank of Commerce has gone up to Rs. 56286 Crore from Rs. 46333 Crore last year thus registering a growth of 21.5%, due to high growth in deposits as well as advances. The deposit growth of OBC has been to the extent of 19.7 %(previous year 4.63%) while in advances the growth is 25.5 % (previous year 10.7%).
Technology Implementation
Oriental Bank of Commerce of India has implemented Centralized Banking Solution in 21 branches till date. It will give freedom of anywhere and anytime banking to customers. The business captured has resulted in 97% live computerized environment as against 93% last year. More than 350 branches have been networked.
Oriental Bank of Commerce Addresses
Main Pune Office
Dinshaw House,
917 / 918, Synagogue Street, Near Gita Society,
Pune - 411001. Maharashtra. INDIA.
Telephone : 91 020 612 7537, 613 5492
Fax No. : 91 20 613 2083
Email : orientalbank@gnpun.global.net.in
Head Office
Harsha Bhawan,
E- Block, Connaught Place,
New Delhi - 110001
INDIA
Telephone : 91 011 23417121, 23416691
Fax No. : 91 011 25760544
E mail : obc@obcindia.com, obc@id.eth.net
New Delhi Office
Oriental Bank of Commerce
4 - N Block Market,
GRETAER KAILASH, Part - I
New Delhi - 110 048.
Telephone : 011-26281560, 26281561
Fax. : 011-26281559
Mumbai Office
Oriental Bank of Commerce
Corporate Group Finance Branch
181 - A, Maker Tower. 'E', 18th Floor,
Cuffe Parade, MUMBAI - 400005.
Telephone No.: 91 -22 - 22153836, 22154243
Fax : 91 -22-22153533, 22165849
Labels: ORIENTAL BANKOF COMMERCE
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October 27, 2016 at 8:37 PM