Oriental Bank of Commerce, which has targeted a business growth of 21 % at the end of this fiscal, plans to focus on retail lending, agricultural credit, development loans for MSME sector, and large corporate finance to achieve the same.
T Y Prabhu, the Chairman and Managing Director of the Oriental Bank of Commerce announced here in Bangalore that the OBC is planning to set up over 100 branches across the country. This will take the total number of branches to 1500 with a total business of over 2 lakh crores within the year 2010. The bank currently reaches to 2,118 villages comprising 14.18 lakh households.
The bank is also planning to recruit around 1800 personnel at entry, mid and senior levels in order to cater to the demand for increased manpower following expansion of branches and business. This would include around 100 marketing managers and 83 Agriculture Officers. The bank which has targeted a business growth of 21 % at the end of this fiscal, plans to focus on retail lending, agricultural credit, development loans for MSME sector, and large corporate finance to achieve the same.