Oriental Bank of Commerce

Oriental Bank of Commerce
Company typePublic
Industry
Founded19 February 1943 (1943-02-19) in Lahore, British India
FounderRai Bahadur Sohan Lal
Defunct1 April 2020 (2020-04-01)
FateMerged with Punjab National Bank
SuccessorPunjab National Bank
Headquarters,
India
Area served
India
Key people
Mukesh Kumar Jain (MD & CEO)
Products
RevenueIncrease 17,867.69 crore (US$2.1 billion) (2019)
Increase 3,754 crore (US$450 million) (2019)
Increase 55.00 crore (US$6.6 million) (2019)
Total assetsIncrease 271,909.57 crore (US$33 billion) (2019)
Number of employees
21,729 (March 2019)
Capital ratio12.73% (2019)
Footnotes / references
[1][2][3]

Oriental Bank of Commerce (OBC) was an Indian public sector bank headquartered at Gurgaon, Haryana. It had 2390 branches and 2625 ATMs across India. In April 2020, the bank along with United Bank of India was merged with Punjab National Bank, making the latter the second-largest public sector bank in India.[4]

  1. ^ Agarwal, Amol (1 September 2017). "How banks migrated during Partition". Livemint. Retrieved 31 October 2021.
  2. ^ "Board of Directors".
  3. ^ "Annual Report of Oriental Bank of Commerce" (PDF).
  4. ^ "All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branches". Moneycontrol. Retrieved 2 April 2020.

© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search