Page 23 - Banking Fiannce March 2018

PRESS RELEASE

Oriental Bank of Commerce Celebrating 75 Years of Excellence

The journey of Oriental Bank of Commerce is a mirror of galloping Indian aspirations, it began 4 years before an
independent India was born when Rai Bahadur Lala
Sohan Lal ji Banks first chairman conceived the idea of
floating a bank in the year 1943 .
On 19th February, 1943, Oriental Bank of Commerce
came into existence with its first head office at Lahore,
Pakistan. The first branch was opened in April 1943 at
Mohan Lal Road, Lahore. At the end of year 1944 the
bank had a network of 6 branches with Deposits of 82
Lacs and Advances of 30 Lacs.

Banks Head office was shifted from Lahore to Amritsar
in 1947 and then to New Delhi in 1951. Bank was
nationalised on 15th April 1980 and currently has its
Corporate Office in Gurugram.
Over the year's bank's branch network has risen considerably from 1st branch in 1943 to 1000 branches in 2004 & 2381
branches and 2630 ATMs at present. Also during this Journey Bank has amalgamated Punjab Cooperative Bank Ltd &
Bari Doab Bank Ltd in 1997 & Global Trust Bank in 2004.
Oriental Bank of Commerce celebrated its 75 years of operations on 19th February, 2018 and to commemorate the
occasion, Banks Coffee table book & new website was launched by the chief guest Shri Shiv Pratap Shukla, Hon'ble Minister
of State, Finance, Govt. of India, Delhi in the presence of Shri T.M. Bhasin, VC, CVC, Shri Mukesh Kumar Jain, MD & CEO,
Oriental Bank, Shri Himanshu Joshi, ED, Oriental Bank and many dignitaries and employees of the Bank. The Coffee
Table book is a treasure trove of rare information assembled and does not just list facts and figures but also include rare
antique photographs, collaterals and instruments of the bank from its early days. The new website of the bank has been
designed so that its becomes customer friendly and bank is able to promote all the products & services .
Shri Mukesh Kumar Jain, MD & CEO of the Bank, in his address to the Employees highlighted the journey of Oriental
Bank of Commerce and the great contribution of Team OBC towards propelling the Bank to great heights.
Shri Himanshu Joshi commented "we aspire to emerge as a Preferred Bank by pursuing global benchmarks in operational
efficiency, asset quality, profitability, risk management and expanding the global reach".
United Bank of India receives the prestigious ASSOCHAM Social

Banking Excellence Awards 2017

ASSOCHAM (The Associated Chambers of Commerce & Industry of India) every year aims at awarding those financial
institutions that have been successful in creating a fundamentally strong and resilient social bank. The 13th Annual
"Social Banking Excellence Awards, 2017", organised by ASSOCHAM was held at Hotel Lalit Mumbai on 17.02.2018
under chairmanship of Shri Shiv Pratap Shukla, Minister of State for Finance, Government of India.
United Bank of India has bagged the prestigious "Social Banking Excellence Awards 2017" under three following
categories:-
1. Winner in " Participation in Govt. Scheme (Medium size Bank)"
2. Runner up in " Overall Best Social Bank (Medium size Bank)."

3. Runner up in "Priority Sector Lending Other Than Agriculture (Medium size Bank)".
Shri Vinod Kumar Babbar, General Manager & Chief Regional Manager Mumbai had received the Awards on behalf of
the Bank from Shri Shiv Pratap Shukla, Minister of State for Finance, Government of India.

BANKING FINANCE | MARCH | 2018 | 23