OBC Bank Full Form

What is the full form of OBC Bank?

OBC is the Oriental Bank of Commerce. It is a public sector bank. It was founded in Lahore, Pakistan in February 1943 by Rai Bahadur Lala Sohan Lal. Because of the Indo - Pak partition, the division in Pakistan shut down in 1947. It was nationalized in April 1980. OBC bank established its merchant banking unit in 1992. OBC bank set up a special asset recovery division in 1999 in Mumbai and Delhi. It has more than 20,000 subsidiaries distributed throughout India. Its headquarter is located in Gurugram, Haryana. Later in 2004, Global Trust Bank was integrated with OBC.

Objectives Of OBC Bank

• To generate money for its client and shareholders.

• Using state of the art technology, OBC provides creative and reliable services in line with customer standards.

• Improving competence skills of the employees.

Services Offered By OBC

• It provides digital banking services like ATM, Internet and mobile banking services, debit card, credit card etc.

• Deposits like savings account, current account etc. for students, entrepreneurs, salaried people etc.

• Loan facility like home loan, vehicle loan, personal loan, student loan etc.

• Different investments like Fixed Deposits, Recurring Deposits etc.

• It also provide 24 * 7 customer care facilities via SMS, e - mail, telephone etc.