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Oriental Bank of Commerce
Oriental Bank of Commerce was originally set up in 1943 in Lahore in present day Pakistan. Post partition the bank-shifted base to India. In 1980, the Oriental Bank of Commerce was nationalized. The bank has been rated as "Customer Friendly" bank by the National Institute of Bank Management.
Some salient features of Oriental Bank of Commerce are stated below.
- One of the financially strong commercial banks in India
- Productivity per employee is highest
- Capital Adequacy Ratio of the bank is high
- The bank is a profit making enterprise
At present the Oriental Bank of Commerce is involved in the implementation of what is known as “ Grameen Projects” in states like Rajasthan and Uttar Pradesh. The project has been inspired by the framework of the Bangladesh Grameen Bank. The Oriental Bank of Commerce Grameen Projects in India are mainly aimed at poverty alleviation of the rural masses.
The bank is also engaged in the training of marginalized rural people in the procurement of locally available raw materials for the production of items like jams and pickles. The idea is to augment their income and promote self-employment.
Comprehensive Village Development Program is another value added scheme for rural India from Oriental Bank of Commerce. Villages in places like Punjab, Rajasthan and Haryana are at present being covered under this scheme.
Some product services from the Oriental Bank of Commerce include the following.
- Deposit scheme
- CASA Deposit scheme
- Flexi Fixed Deposit Scheme
- PRAGATI Deposit scheme
- Basic Banking Account
- Jeevan Sarathi for PH
- Savings account
- Variable Progressive Deposit
- Current accounts
- Tax saving Term Deposit
- Term deposit
- Suvidha Deposit
Oriental Bank of Commerce also offers various loan schemes. Some of them are listed below.
- Housing loan
- Loans for defense personnels
- Car loan or vehicle Loan scheme
- Clean loan for traders
- Education Loan scheme
- Loans for professionals
- Personal loan scheme
- Loans for doctors
The bank also offers value added NRI services to customers and various Internet banking solutions.
Contact Bank:
Headquarter
Oriental Bank of Commerce
Harsha Bhawan, E- Block,
Connaught Place,
New Delhi – 110001
Phone: 91-11-23417121, 23416691, 23415508
For further information please click the following links
Oriental Bank of Commerce Loans
Oriental Bank of Commerce Jobs
Online Banking from Oriental Bank of Commerce
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