Tag Archives: Oriental Bank of Commerce

Oriental Bank of Commerce has offered 24 carat gold coins at different discounts, for the festival season

A recent press release said that Oriental Bank of Commerce, the public sector bank has announced to offer Pure 24 Carat gold coins of 999.9 fineness as festival offer. The bank offers the pure 24 carat gold coins at different discounts. The bank offers gold coins in the denominations of 5 grams, 8 grams, and… Read More »

Oriental Bank has set up a Cheque Truncation Centre in Chennai

A recent press report said that Oriental Bank of Commerce has opened a cheque truncation centre in Chennai which is the first ever bank to open up cheque truncation in Chennai. Cheque truncation is a system where the cheque that has to be encashed is scanned and the scanned image of the cheque is sent… Read More »

Oriental Bank entered into a MoU with Oriental Insurance Co Ltd for selling Mediclaim policies

A recent press report said that Oriental Bank of Commerce has entered into a memorandum of Understanding with Oriental Insurance Co Ltd for selling Mediclaim policies to the bank’s customers through its pan-India network. The memorandum of understanding was signed by Mr. R.M. Sharma, General Manager, Oriental Bank of Commerce (OBC), and Mr. A.K.Saxena, General… Read More »

Oriental Bank has tied up with SBI Cards

A recent press report said that Oriental Bank of Commerce (OBC) has entered the credit card segment through a tie-up with SBI Cards. The co-branded credit cards, will be both magnetic stripe and chip-based. The cards are to be launched out through OBC branches around Diwali. Reports said that the bank is one of the… Read More »

Canara HSBC OBC Life has launched group protection-cum-savings product

A recent press report said that Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited has launched a traditional group protection-cum-savings product called Smart Sanchay Plan. Smart Sanchay Plan offers life cover and accident protection along with fixed returns. Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd is a joint venture between… Read More »

OBC has planned to maintain credit growth of 18-20%

According to a recent press report Mr.  Nagesh Pydah, Chairman and Managing Director Oriental Bank of Commerce (OBC) said that the bank will focus on mid-corporates and small and medium enterprises (SMEs). Mr. Pydah said that the syndication vertical was progressing well and the bank has about half-a-dozen assignments on hand involving over Rs 3,000… Read More »

Oriental Bank has planned to open 150 branches this year

A recent press report said that Oriental Bank of Commerce (OBC) has planned to increase its business mix growth of more than 20 per cent during 2011-12. Mr. Nagesh Pydah, Chairman and Managing Director, of the bank said that the bank has planned to open more than 150 branches during the current fiscal in order… Read More »

Rates of home loans are unlikely to go up in immediate future

Recent reports said that the rates of home loans will remain the same as there is lesser chance for it to rise in the current situation. Bankers said that there was enough liquidity in the system and so the interest rates will not go up. According to K. R. Kamath, Chairman and Managing Director of… Read More »