Patiala circle office of OBC Bank celebrated its 78th foundation day
Kanwar Inder Singh/ royalpatiala.in/ Patiala
“Rai Bahadur Lala Sohan Lal the first Chairman of the Bank founded Oriental Bank of Commerce (OBC) in 1943 in Lahore. Within four years of its coming into existence, OBC had to face Partition. The bank had to close down its branches in the newly formed Pakistan and shift its registered office from Lahore to Amritsar. Lala Karam Chand Thapar, the then Chairman of the Bank, in a unique gesture honoured the commitments made to the depositors from Pakistan and paid every rupee to its departing customers. So OBC has a reputation of serving its customers, what it commits” said Deputy General Manager, Patiala circle, Ajay Kumar Singh, while celebrating bank’s 78th foundation day.
Further elaborating Deputy General Manager, Patiala circle, Ajay Kumar Singh, accompanied by Assistant General Manager Anil Mutreja and Assistant General Manager Vijay Kumar Munjal at a press conference at the Patiala Media Club here said “the bank was nationalized on 15th April 1980 and at that time OBC ranked 19th among the 20th nationalized banks. In 1997, OBC acquired bari Doab Bank and Punjab Cooperative Bank and on 14th August 2004, OBC amalgamated Global Trust Bank (GTB), a leading private bank in India. With these OBC branches increased to 1092” By march 31, 2010, OBC becomes the seventh largest public sector bank in India .
OBC has been awarded as the 3rd best bank on EASE index by Government on India and now bank has 2390 branches and 2625 ATMs pan India, as on December, 31, 2019
The officials further informed that “the bank has given loans worth Rs 652 crore to farmers in the region and it was providing pension services to farmers as started by the Centre. “The bank regularly holds camps to provide various services, including loans, to farmers,” they said.
Assistant General Manager Anil Mutreja said over 80 per cent of the process at the bank had now been digitised with which over 2.83 crore people had already joined and bank has done a business of Rs 4.02 lakh crore and the quarterly profit of of Rs 201.66 crore.
He further informed that the bank has a special centralised grievance redressal branch.
