OBC Full Form | Full Form of OBC

Oriental Bank of Commerce

The full form of OBC is that the Oriental Bank of Commerce. It's a public sector bank founded in Pakistan’s Lahore in 1943.
Within the year 1980, it had been nationalized and its headquarter is found in Gurugram, Haryana.
It's a network distributed throughout India of more than 2000 subsidiaries. Its declaration of vision specifies that the bank aims to be a customer-friendly premier bank dedicated to increasing stakeholders’ importance.

History of OBC

It was established by the late Rai Bahadur Lala Sohan Lal in Lahore, Pakistan, in February 1943.
The divisions in Pakistan closed down in 1947 because the partition and office were relocated from Lahore to Amritsar.
Its registered office was relocated to Delhi in 1951.
In April 1980, it had been nationalized.
The bank established its merchant banking unit in 1992.
Punjab Co-operative Bank & Bari Doab Bank combined with OBC in 1997.
The bank entered into an arrangement with Citibank to launch a co-branded credit card within the subsequent year.
It found out a Special Branch & asset recovery division in Mumbai & Delhi in 1999.
In 2002, a professional branch for female entrepreneurs was founded and linked up with Corporation Bank to share their atms.
In 2003, it collaborated with Infosys Technologies & Wipro to introduce the CBC (Centralized Banking Solution).
Global Trust Bank was integrated with OBC in 2004.
The bank signed an mou with IL & FS Investment Securities in 2006 to provide clients with the facility to trade online.
The bank signed into an arrangement with Escorts in 2007 to provide farmers with funds to permit them to buy tractors.
It joined into a distribution tie-up with the asset management firm Kotak Mahindra in 2008.

Providing creative and reliable services in line with consumer standards using state-of-the-art technology
Improving the technical skills of workers and fostering cooperation between them.
To produce wealth for clients and shareholders.

Service of Obc

OBC provides its customers with a broad range of financial products in various categories, like,

Deposits like a term deposit, current account and saving account.
Retail loans like mortgage loans, vehicle loans, home loans, personal loans, etc.
Forex service includes trade & finance, forex card rate, foreign exchange, etc.
Digital banking services like ATM , BHIM , internet & mobile banking, debit card, etc.