OBC FULL FORM
Full Form of OBC : Oriental Bank of Commerce
What is the full form of OBC?
No:1. The full form of OBC is the Oriental Bank of Commerce.
No:2. It is a public sector bank founded in Pakistan’s Lahore in 1943.
No:3. In the year 1980, it was nationalized and its headquarter is located in Gurugram, Haryana.
No:4. It has a network distributed throughout India of more than 2000 subsidiaries.
No:5. Its declaration of vision specifies that the bank aims to be a customer-friendly premier bank dedicated to increasing stakeholders’ importance.
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A brief history of OBC
No:1. It was establish by the late Rai Bahadur Lala Sohan Lal in Lahore, Pakistan, in February 1943.
No:2. The divisions in Pakistan closed down in 1947 because the partition and office were relocated from Lahore to Amritsar.
No:3. Its registered office was relocated to Delhi in 1951.
No:4. In April 1980, it was nationalize.
No:5. The bank established its merchant banking unit in 1992.
No:6. Punjab Co-operative Bank & Bari Doab Bank combined with OBC in 1997.
No:7. The bank entered into an arrangement with Citibank to launch a co-branded credit card in the subsequent year.
No:8. It set up a special branch & asset recovery division in Mumbai & Delhi in 1999.
No:9. In 2002, a professional branch for female entrepreneurs was found and link up with Corporation Bank to share their ATMs.
No:10. In 2003, it collaborated with Infosys Technologies & Wipro to introduce the CBC (Centralized Banking Solution).
No:11. Global Trust Bank was integrate with OBC in 2004.
No:12. The bank signed an MoU with IL & FS Investment Securities in 2006 to provide clients with the facility to trade online.
No:13. The bank signed into an arrangement with Escorts in 2007 to provide farmers with funds to allow them to buy tractors.
No:14. It joined into a distribution tie-up with the asset management firm Kotak Mahindra in 2008.
Main objectives of the OBC
The following statements are include in the main OBC objectives :
No:1. Providing creative and reliable services in line with consumer standards using state-of-the-art technology
No:2. Improving the technical skills of workers and fostering cooperation between them
No:3. To produce wealth for clients and shareholders.
Service offered by OBC
OBC provides its customers with a broad range of financial products in various categories, like :
No:1. Deposits like a term deposit, current account and saving account.
No:2. Retail loans like mortgage loans, vehicle loans, home loans, personal loans, etc.
No:3. Forex service includes trade & finance, forex card rate, foreign exchange, etc.
No:4. Digital banking services like ATM, BHIM, internet & mobile banking, debit card, etc.
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No.-2. Free Download 25000 MCQ Question Answers PDF
No.-3. Complete Static GK with Video MCQ Quiz PDF Download
No.-4. Download 1800+ Exam Wise Mock Test PDF
No.-5. Exam Wise Complete PDF Notes According Syllabus
No.-6. Last One Year Current Affairs PDF Download
No.-7. Join Our Whatsapp Group
No.-8. Join Our Telegram Group