Oriental Bank of Commerce
www.obcindia.co.in
Oriental Bank of Commerce was established in 1943 and is currently the eleventh largest bank in India in terms of assets. The Bank's assets totaled at US $13 billion as on 31st March, 2006. The Government of India owns 51.1% of Oriental Bank of Commerce. The Bank has a credit rating of AA+/FAAA/P1+ from CRISIL. It has a distribution network of 1273 branches and 94 extension counters and 10 million customers. It offers convenient banking services through its 666 ATMs and currently, 96% of the Bank's business is covered within the CBS branch network. Known for its sound customer centric business practices, the bank has a base of over 10.4 million customers.
The Bank has a number of Corporate Social Responsibility initiatives in the rural sector and for women such as a GRAMEEN PROJECT in Dehradun District (UP) and Hanumangarh District (Rajasthan). Formulated on the pattern of the Bangladesh Grameen Bank, the Scheme has a unique feature of disbursing small loans ranging from Rs. 75 (US $2) onwards. The beneficiaries of the Grameen Project are mostly women. The Bank has also implemented a 14 point action plan for strengthening credit delivery to women and has designated 5 branches as specialized branches for women entrepreneurs.