Oriental Bank of Commerce (OBC) is a Government of India undertaking that was incorporated in 1943. Back then, its business activities included monetary intermediation of commercial banks, saving banks and discount houses.
In the year 1951, bank's registered office was relocated to Delhi, from Lahore in Pakistan. In the year 1980, the bank was nationalised. Much later in the year 1992 the bank set up its merchant banking division.
In the year 1997 two banks namely Punjab Co-operative Bank and Bari Doab Bank were amalgamated in OBC. Immediate next year the bank collaborated with Citibank to launch a co-branded credit card. In 1999 it set up special branch and asset recovery branch in Mumbai and Delhi.
In 2002 OBC set up a specialised branch, exclusively for women entrepreneurs. In same year it tied up with Corporation Bank to share their ATM network.
In 2003, for implementing Centralised Banking Solution (CBS), OBC joined hands with Infosys Technologies and Wipro. In 2004 Global Trust Bank was amalgamated with OBC.
In 2006 the bank entered into Memorandum of Understanding (MOU) with the IL & FS Investment Securities to provide online sharing trading facilities to its customers. In 2007 the bank tied up with Escorts to provide tractor finance to farmers.
In the same year, it tied up with IDBI Capital Market Services in order to provide online share trading facilities to its customers.
In 2008 it entered into distribution tie up with Kotak Mahindra Asset Management Company.
Personal Banking- It offers wide range of products and services such as saving accounts, deposits, loans, mutual funds, insurance, internet banking, debit card, credit card, etc
Corporate Banking- It provides various services to its corporate clients such as cash management services, loans, financing working capital, etc.
NRI Banking- Besides various personal banking products, it also offers remittance services, consultancy services to its NRI Clients.
It also offers various products and services to priority and SME sector.
Oriental Bank of Commerce has signed of memorandum of understanding (MOU) with Maruti Suzuki India to publicise the loan scheme offered by bank.