corporate profile of obc

8/2/2019 Corporate Profile of Obc

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Oriental Bank of Commerce

Established on 19th Feb' 1943 in Lahore, Oriental Bank of Commerce (OBC) is one of thepublic sector banks in India. Its modest beginning is creditable to its founder Late Rai

Bahadur Lala Sohan Lal, the first Chairman of the OBC. Within four years of coming intoexistence, the country partitioned, the Bank shifted its Registered Office from Lahore to

Amritsar. The Oriental Bank of Commerce was nationalized on 15th April 1980, and pavedits way to count amongst the strongest banks in India.

With High Capital Adequacy Ratio, Oriental Bank of Commerce is known be a consistentprofit-making bank. It offers various services and products, like current/ savings account,

general loans, educational loans, agricultural loans, etc, for the benefit of customers. For its

effective services, the National Institute of Bank Management (NIBM) rated OBC Bank as"Customer Friendly" Bank.

Business Description

Oriental Bank Of Commerce. The Company's principal activity is to provide banking

services including accepting deposits, providing loans, financing and other related services

to consumers and industries. The other activities of the Company include providing shortterm and long term loans to agricultural sector and small scale industries. At 31-Mar-2009,

the Company operated through 1,401 branches.

Head office of obc bank in new delhi.

Scope

- Provides key company information for business intelligence needsThe report contains critical company information business structure and operations, thecompany history, major products and services, key competitors, key employees and executivebiographies, different locations and important subsidiaries.- The report provides detailed financial ratios for the past five years as well as interim ratios forthe last four quarters.

company historyThe company constituted through an act of parliament on 11th july. The bank transacts all

kind of banking business.

In 1993

12,80,000 shares of rs 10 each already issued and subscribed. 6,00,000 shares allotted at a premium of Rs 50 per share to Indian.

60,00,000 shares at a premium Rs of50 per share of mutual funds.

480,00,000 shares at a premium or Rs 50 per share to india public.

23,80,000 shares to employee.

In 1997


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Two banks namely panjab-co-opreative banks ltd. And bari doab bank ltd. Were

amalgamated with the bank under goverment of India.ten branches of these bankswhich were taken over restarted their operation as obc.

In 1998 The bank had 841 branches comprising 247 rural branches. It was the first public

sector bank in the country to join hands with citi banks to launch obc co. Branched

credit card.

In1999 Obc decided to set up a life insurance venture with a foreign partner.

In 2002 It opened a s specialised branch for women entrepreneurs.

Recivies deposit rate.

Ties up with corporation bank to share each other ATM networks.

In 2003 Cuts domestic term deposit rate.

Slashes home loan by 0.75%.

Slashes lending rates, margin on SSI advanced.

Join hands with ifosys.

In 2004 Tie up with new Holland tractors.

The bank induct infy, wipro for implementing it project.

In 2006

Obc has informed that the bank has signed the memorandum ofunderstanding with IL and FS investment securities .for providing online offline share trading facilities for its customer

In 2007 Oriental bank of commerce has raised its benchmark prime lending rate

by 75 basis points to 12.50%

Obc has joined hands with vita excort,a tractor manufacturer forproviding retail tractor finance to farmer .

And now,It is providing service including accepting deposits providing

loans ,financing and other related services to the customer andindustries. The other activities of the company include providing short

term and long term to agriculture sector and small scale industries .the

bank also finance the global energy sector providing equity, debt lease,

project finance ,paternership and commercial financing as well as

student loans .

VISION AND MISSION STATEMENT OF OBC


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VISIONTo be a sound all India, customer centric, efficient retail bank with

contemporary size, technology and human capital endeavouring to enrich

lives across all sections of society and committed to unholding the higher

standards of corporate governance.MISSION

1. To provide the first banking services by upgrading human capital and

infusing advanced technology, thereby achieving total customer

satisfaction; and being reckoved as the Best Bank in the industry on

all efficiency parameters.

2. To enhance shareholders wealth by ensuring sound growth of business

and make valuable contributions to national economic growth.

OBC MISSION, RULES AND GUIDELINESWe have grown from a handful of founding members to our 550 active

members in the 17 countries. For any organization to be successful it must

have both rules and regulations and guidelines, so all members know what to

expected of others and what is expected of them. It also must have

leadership.

Without strong leadership, any endeavor will fail or simple fade away.

If you are on our servers, you will be on ventrilo. We also expect that you

respect yourself and others. As we run in a military structure, we do respectboth rank and person.

There are various rules and guidelines to the mission of OBC. They are to be

followed:

1. Have fun

Lets for it, thats why we are all hare. We all have fun, when we

respect each other and the public. Having fun on our servers does not

include flame in text.

2. Dnations

The entire clan is members supported. All donations go towards

servers, websites, domain registrations etc. all members of OBC arevolunteers. No donations pay for any expenses of the command staff.

They all are collected and spend on services. While donations are not

madatory, as its fairly obvious that nothing we do online is free.

3. No chacking

Firstly, we expect that you hate cheaters as much as we do. If you are

caught cheating on any of our servers, not only will you be banned but


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your name and IP/CD key will be passed around to others services.

Only approved modes downloaded from our sites allowed.

4. No Racial/ political slurs

Racism is not followed here. On our servers you will respect trhe

members, their spouses and their countries. This goes in all channels

and forums. We dont use the N word or any other derogatory phase

towards any person or that persons country when on our serves on

forums. We have many women in the clan.

5. Team killing

No intinational team killing, especially in relation for a public team

killing. Take it up with am MP or your Platoon leader.

6. Character loyalty

If you are found to be collaborating with another clan against OBC in

any way, you and said clan will be perma banned banned from all

OBC resources immediately and with extreme prejudice.7. No hacking or trashing

Other on our server! Do not insult the public on our servers, this

includes answering in the text. Just let it go, failure to follow.

8. Promotions/ Transfer

Transfers- Promotions shall be based on a combinations of factors and

not just time on the roaster. How much you pay on server, how much

you post in the forum and active participation in voice would be

considered as a dedicated member and will be more likely to be

promoted.

9. Complaints and Ouestions

Any complaints and questions should be made to your Platoon leader.

First, then company commander. If urgent then find office.

10.Admins

On the OBC servers, the admins/ MPs are always right. Please follow

the instructions of the same.

Facilities providwd by obc bankOBC is proud of its association with NRIs and takes special pride in serving them

through various tailor-made products designed to suit all requirements of NRIs.

Oriental Bank of Commerce has 1450 branches & Extension Counters and 951 onsite /

offsite ATMs including 6 Mobile ATMs spread all across India. All the service outletsof OBC are fully computerized with branches connected through Centralized Banking

Solution, Internet Banking and Phone Banking. So the customer of an OBC Branch is a

CUSTOMER OF ALL CBS BRANCHES since we are offering Any Branch Banking(ABB) & Multi city Cheque Book facility to CBS Customers. Visa Debit Card holders


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of the Bank have access to over 40000 ATMs of other member banks of VISA, MITR

and NFS in the country for host of services like withdrawal and Balance enquiries and

to effect card payment for shopping in India and abroad through over 28 Million Pointof Sale (POS) locations. Cardholders of member Banks of VISA/NFS/MITR can also

use our 951 ATMs for cash withdrawal and balance enquiry

Facilities being provided to NRIs

1. Remittances to India With a view to facilitating efficient flow of inward

remittances, OBC has set up correspondent banking relationships with almost allthe major International Banks across the globe. OBC opens foreign currency

accounts in which NRIs can send remittances to India in any major currency such

as Pound Sterling, US Dollar, Euro, Japanese Yen, Canadian Dollar, AustralianDollars, Singapore Dollar, Swiss Franc, Hong Kong Dollar etc. through SWIFT/

telegraphic transfers/ demand drafts from any corner of the World. OBC has also

entered into an arrangement with Western Union for remittances up to USD 2500

or its equivalent and has also made arrangements for transfer of money from middle

east countries through three Exchange Houses

2. Deposit Accounts

NRIs are welcome to open their following type of deposit accounts by downloading

the Account Opening Forms, current rates of interest offered on different types of

accounts and other information from our website www.obcindia.com.

2.a) Foreign Currency (Non Resident) Account (Bank) Scheme

Under this FCNR (B) scheme, NRIs have a choice to open Term Deposit accounts inPound Sterling, US Dollars, Canadian Dollars, Australian Dollars, Euro and Japanese

Yen with minimum maturity of one year and maximum of five years. Interest incomeand balances in these accounts are free from all Indian taxes. The funds can berepatriated without permission from Reserve Bank of India.

2.b) Non Resident External (Rupee) Accounts

Under this NRE deposit segment, all types of accounts viz. Current, Savings, Fixed,

Cumulative and Recurring Deposits can be opened in Indian Rupees by NRIs by

converting their foreign currency funds into Indian rupees. Funds lying in theseaccounts as well as interest earned thereon are free from all Indian taxes. Funds are

fully repatriable without any permission from Reserve Bank of India. Funds lying in

these accounts can also be invested on repatriable and non-repatriable basis as

outlined in the succeeding paragraph 3 (a) and (b) below.

2.c) Non-Resident Ordinary Rupee Accounts

These NRO accounts can be opened in Indian rupees in the form of Current, Savings,Fixed, Cumulative and Recurring Deposits by converting existing domestic deposit

accounts into NRO or even through foreign remittance sent by NRIs. The funds from

NRO accounts can be freely used for making all rupee payments, investments,purchase of immovable properties etc. in India.


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Procedure for opening Non Resident Accounts

The following documents are required for opening Non Resident Accounts asmentioned in paras 2.a) to 2.c).:

i. Identify/Address proofviz. Passport/International driving licence or attestation ofAccount Opening Form by their banker outside India or by an Official of Indian

Embassy or Consulate under their seal and signatures. Two Passport sizephotographs of the proposed account holder. Specimen signatures.

1. SPECIAL FACILITIES

1.a) Hedging facility

Hedging facility is also available on the funds lying in the Foreign Currency (Non

Resident) Account (Bank) Scheme and Non Resident External (Rupee) Accounts as

well as interest earned thereon.

1.b) Provision of remittance under NRO accountAccording to the existing FEMA guidelines, NRIs can remit upto USD 1 million orits currency equivalent, every financial year out of the funds held in NRO accounts.

This includes sale proceeds of immovable property. In case of residential properties,

sale proceeds of two such properties can be remitted within the above mentionedamount without any reference to Reserve Bank of India.

2. Loan Schemes for NRIs

2.a)Loan against Bank Deposits

NRIs can avail loan against their NRO, NRE and FCNR(B) Term Deposits for

personal purposes or for carrying out their business activities, for making directinvestment in India or acquisition of flat/houses in India for their own residential use.

Loans are also available to resident individuals/firms/companies against the Term

Deposits held by Non-Residents for any type of fund based and/or non-fund basedactivities subject to compliance of certain guidelines issued by Reserve Bank of

India.Non Resident Indians may also avail loans outside India against their

NRE/FCNR(B) deposits held with us for themselves or third parties for bonafide

purposes through our correspondent banks abroad.

Note : Loans to Non Residents/ Third Party, against security of Non Resident

(External) Rupee Accounts (NR(E)RA)/ Foreign Currency Non Resident

FCNR(B) deposits.

Reserve Bank of India has issued amended guidelines vide its circular RBI/2006-07/244 A.P. (DIR Series) No.-29 dated 31.01.07 under the subject scheme:

Effective 31.01.07, the maximum amount of loan that can be granted to NRIs

against their own deposits held under Non Resident (External) Rupee Accounts and

Foreign Currency Non Resident deposits FCNR (B) Accounts and to third parties


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against these deposits, shall not exceed Rs.20 lac. Further, artificial slicing of the

loan amount to circumvent the ceiling of Rs.20 lacs is not permitted.

2.b) Loan against immovable properties

NRIs may avail housing loan for purchase of any number of residential/ commercial

properties. NRIs / persons of Indian origin having citizenship of Bangladesh,Pakistan, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan require prior

permission from Reserve Bank of India for acquiring immovable property/ies in

India. The loan amount can be used for NRIs personal/business requirements inIndia only. Repayment of the loan is to be made either out of fresh remittances from

abroad or by debit to NRO/NRE/FCNR(B) account/NRI or out of the sale proceeds

of the immovable property/ies.

2.c) Loan against securities of shares/convertible debentures.

NRIs may avail any type of fund based/non fund based facility against the security of

shares/convertible debentures for their personal requirement or for business

purposes.4.d) Housing Loan in Rupees

NRIs can also avail rupee loan in India for purchasing a residential property in Indiafrom a bank or a house financing institution. 4.e) Rupee loan to NRIs/PIO

employees.

NRI/PIO employees of a body corporate registered/incorporated in India may also

avail rupee loan for their personal purposes including the purchase of residential

property in India provided such loans are repaid by fresh remittance from outside

India or by debiting NRO/NRE/FCNR(B) account of the borrower.

3. Extant Investment Guidelines in India

NRIs can make investments in India under the following Schemes:-

3.a) On 100% repatriable basis

Investment in Government securities, Treasury bills, units of mutual funds, bondsand shares issued by Public Sector Undertakings Portfolio investment in shares

purchased and sold through stock exchanges. Sale proceeds are freely repatriable

abroad without permission from Reserve Bank of India after payment of applicable

taxes in India provided the investments are made by remittances in foreign currenciesor by debiting NRE/FCNR(B) account of the NRI.

3.b) On non-repatriable basis

Investment in capital of a firm or proprietary concerns without any ceiling.

Investment in Government securities, treasury bills, units of mutual funds, National

Plan/Saving Certificates. Investment in shares and convertible debentures throughprivate placement provided the Indian company is not engaged in agricultural/

plantation activities or real estate business or construction of farm houses or dealing

in Transfer of Development Rights or dealing in Print Media. Portfolio Investment in

shares and convertible debentures through brokers on stock exchanges subject to


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implementation of the Speed clearing project of RBI.

Cheques of all Branches of our Bank are being accepted andpassed for payment at all the presenting centres.

Automated Teller Machine (ATM): 951 ATMs as on date. 676 Onsite ATMs, 275 Offsite ATMs. Access to about 40000+ ATMs of other Banks through MITR ,NFS and "Visa".

Bio-metric ATMs to enable transaction authorization through fingerprints.

Internet Banking: On line Balance inquiry.

Transactions History. Statement of Account for a given period. Cheque status Inquiry. Stop payment of cheques. Fund transfer to own accounts & other accounts. Facility of Railway Ticket Booking by providing Payment Gateway toIRCTC. Online Trading of Shares.

Available through all Branches of the Bank.

Tele Banking: Online Balance Inquiry. Balance on a particular date. Last five transactions. Statement of Account by Fax (On same fax machine or other FaxMachines as directed by the Customer). Statement of Account by E-Mail. Cheque Status Inquiry. General Inquiry. Domestic Term Deposit Rates.

NRE & FCNR Rates.

SMS Banking:These services facilitate automatic transmission of SMS to the customerschosen mobile number for various transactions in his account and coverfollowing :-

Credit /debit alerts for amounts specific to individual customers. Threshold alerts to customers if balance goes below minimum


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balance being maintained under different type of accounts. Cheque clearing intimation alerts. Weekly balance alerts to all/specific accounts. Promotional alerts viz information about new launches/ Forex rate/Loan Query etc.

Transactions happened through various delivery channels viz.Internet Banking, ATM etc irrespective of transaction amount.

Online Education Loans: The student aspiring to pursue higher studies by the Banksassistance can do so by availing loan from Oriental Bank OfCommerce.They can apply for the loan online at the Banks Websitenamed http://www.obcindia.co.in by following few simple user friendlysteps.

Dedicated team of officers keep track of such online requests andfacilitate quicker processing and disposal of such online requests. Thestatus of application is periodically updated on the Banks website whichcan be tracked by students from the cyber receipt reference numberprovided at the time of submission of online application.

OBC e-shoppe: OBC e-shoppe provides a platform for availing various onlineservices such as booking Railway Tickets, Air Tickets, Hotelaccommodation besides online shopping through more than 1000websites of leading stores of books, jewelleries, music stores and other

household products.

The customer can make online payment for these products andservices through the net banking account of our Bank.

OBC e-Taxes: Coming out with another IT initiative,the Bank is now providing thefacility through which all types of direct taxes can be deposited by thecustomers online through the net banking services from the comfort oftheir office or home.

The challan will be generated online and the same should bepreserved for future reference and records.

Online Fee Deposit: Provision of depositing online fees to various schools/educationalinstitutions through Internet. Parents/Students can deposit the school fee of select schools using


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their Net Banking account with us.

Fees receipt shall be issued online to the depositor.

Online Tax Accounting System (OLTAS):

OLTAS is a service provided by the bank for acceptance of IncomeTax and other direct taxes on behalf of Government.

The customers including Corporates, Individuals, Proprietorshipconcerns, Partnership firms, Trusts, Club, Society, etc. can pay their taxliability through banks OLTAS window available through 145 selectbranches across the country.

Cash Management Product for Corporate: The Bank has introduced the Cash Management Services ForCorporate Clients. It offers IT enabled state-of-the-art solution to the

Cash and Receivable Management for large Corporate/ businessentities having wide spread areas of business operations.

Cash Management Services / Solutions are available both forcollections of receivables at more than 250 Direct Deposit Centres(Integrated Collection Centres) and payments (disbursement of salary,mandatory dues, etc.) at any location in India within the shortestpossible time. Integrated Collection Centres (locations) for directdeposit of instruments / collection of upcountry instruments are offeredby saying YOU NAME IT, WE HAVE IT.

Cheque Truncation System: The Bank is an active participant in the Cheque Truncation System(CTS) project of RBI, presently implemented in NCR Delhi.

Branchless Banking-Financial Inclusion: The Bank has started Financial Inclusion on pilot basis in thedistricts of Ferozepur, Amritsar in Punjab and Dehradun in Uttrakhand.For the convenience of villagers, hand held devices are installed in theidentified villages.

Customers in these villages can do banking transactions, both Cash

withdrawal and deposit by using smart Cards being issued to thembearing their photograph and Basic particulars.

Electronic Clearing Services (ECS Credit): The Electronic Clearing services facilitates single debit and bulkcredits. This scheme is useful for giving credits for dividend warrants orfor making voluminous debits / credits such as payment of bills,


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disbursal of salaries, Interest etc by the Corporates.

It eliminates delays due to postal / clearing as the amount getsdirectly credited to the respective customers account.

Electronic Clearing Services (ECS Debit): Facilitates Single Credit and Bulk Debits.

This Scheme is useful for Utility Companies, banks/institutionsreceiving periodic/repetitive payments towards electricity bills/telephonebills/loan installments/insurance premium etc.

MICR Processing Centre: The bank has established its own MICR Processing Centre at

Amritsar, Punjab. More than 200 branches of different banks participatein Clearing Operations through Service/ Main branches of respective

banks.

Wide Area Network (WAN) And DR: Robust, secured and efficient Enterprise Wide Area Networkcovering approx. 1413 locations. This Network is primarily a Leased Line Based Network with ISDNas a backup. The network is a three-tier architecture viz. Core, Aggregation &

Access layers. Near Line Site (NLS) at Vashi, Mumbai connected to DC throughOptical Fiber.

Disaster Recovery Site at New Delhi and well-documented BusinessContinuity Plan (BCP). The Bank has 3-way Data Centre with PrimaryData Centre, Near Line Site (NLS) at Mumbai and DR site at Delhi.

Education loan provided by obc bankAir fare for joining the course abroad, Boarding & lodging expenses ofhostel/boarding houses, where charges are standardised and paid to the Management

of the Boarding House. Any other expenses required to complete the course like study

tours, project work, thesis etc.

Eligibility:

Indian nationals not above 45 years of age those who secured admission in a

recognized course of an approved university (AICTE approved institutions) OR

institutes recognized by a statutory body.

Amount of Loan:


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Education in India - Max. Rs.10.00 lacs.

Education Abroad - Max. Rs.20.00 lacs.

Security:

For Loans upto Rs.4.00 lac

No Collateral Security

Co-obligation of parents/guardian is must.

For Loans above 4 lacs and upto Rs.7.50 lacs

No Collateral Security required,

Co-obligation of parents/guardian is must

One satisfactory third party guarantee

Above Rs.7.50 lacs

Co-obligation of parents/guardian is obligatory.

Mortgage of immovable property or any other tangible security like pledgeof NSC/UTI/LIC (Surrender Value)/Bonds/

Banks deposits (Except under tax saving scheme) etc. . having value at least

equal to 100% of loan. Extension of charge on property already mortgaged withour Bank, subject to adequate residual value of security.

Margin:Upto 4 lacs - NIL

Above 4 lacs for education in India - 5%

Education Abroad - 15%

Click Here for Rate of Interest

Concession on Rate of Interest :

Simple Interest shall be charged during study and moratorium period. The concession

of 1% in rate of interest to be allowed, if interest is serviced regularly during the study

and moratorium period. This concession shall be allowed after expiry of moratorium.

Special Rate:

0.50% concession to women beneficiaries, SC/STs and disabled students.

Process Fee:

Upto 4 lacs - Rs. 100/-.

Above 4 lacs for education in India - Rs. 500/-
https://www.obcindia.co.in/obcnew/site/inner.aspx?status=R1&menu_id=23https://www.obcindia.co.in/obcnew/site/inner.aspx?status=R1&menu_id=23


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Education Abroad - Rs. 1000/-

Repayment:

Within 84 EMIs commencing 12 months after course or 6 months after getting the job,whichever is earlier

Personal loan provided by obc bank

Personal Loan Scheme

Purpose :

To meet personal/ family expenses like marriage/education/family functions .

For purchase of consumer durables, gold / gold ornaments.To meet expenditure on medical treatment of self and/or dependent at

Hospitals/Nursing Homes registered with local Govt. bodies.

To meet travel expenses of legitimate travelers for himself & family members to cover

travel cost, hotel stay and other travel related expenses.

Eligibility:

1. Permanent and regular employee in Centre/State Govt. Deptt. and other institutionslike Universities, Schools/College, PSUs, reputed hospitals, and well established

corporate.

2 Minimum 3 years of service, including service with the previous employer(s), ifany.

3 The net monthly salary should not be less then Rs 6,000/-.

4 The net take home salary should not be less than 30% of gross salary afterdeducting the EMI of the proposed loan.

Professionals and doctors, pensioners of Central/State Government, PSUs,Autonomous Bodies and Defence pensioners shall also be eligible for loan

Relaxation in Eligibility

Minimum net monthly salary of Rs. 3000/- subject to fulfillment of the following

conditions for the regular employees of Central / State Govt. Deptt. And otherinstitutions like Universities, Schools / College, PSUs, reputed Hospitals and well

established Corporate.

1. Where the employer is maintaining the salary accounts of its employees with thebranch and monthly installment is recovered from the salary account for adjustment

of loan.

OR2. Where there is specific agreement / tie up arrangement made between employer and

the Bank for education of loan installments from salary of the employee in more

than two accounts.

Amount of Loan

(i) Upto 15 months net take home salary, subject to maximum of Rs.1.50 Lac

Income of spouse can be included, provided he/she guarantees the loan or loan is


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availed jointly.

(ii) In case of pensioners 12 months pension subject to maximum of Rs 1.50 lac

Nature of Facility

Term Loan

Overdraft limit (on liquidation basis in exceptional cases to SeniorBureaucrats/Administrators/Judges & customers of high net worth).

Margin

Nil

Process Fee:

0.50% of loan amount with minimum of Rs. 500/-.

Security

Charge over tangible assets, if created out of loan.

One personal guarantee preferably of fellow employee, subject to the condition

that one employee will not stand as guarantor in more than two accounts.

Repayment

60 EMI (subject to remaining period of service)

In case of pensioners - Maximum 60 months within 70 years of the age of the

borrower.

Financial report of obc bank

Human sources development and training in obc bank

HUMAN RESOURCE DEVELOPMENT &

TRAINING IN OBC BANK

Banking in recent years has undergone tremendous transformation. This

change has come about in the wake of opening up of the financial

sector, sweeping changes in IT/communication and growing customers

expectations.

The above changes have necessitated amongst others a need to change the

skill upgradation curriculum. From purely up gradation of core skills,

the need for imbibing new skills especially in marketing, understanding

customer expectations and development of products has arisen. To

achieve these objectives the Bank had drawn up a comprehensive detailed


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training programme for the year 2007-08. Our focus in Training during

the year 2007-08 has been on the following streams:-

Recovery Management, Effective Branch Management, Programmes for Hall

Incharge, Risk Management, Lending strategies to SMEs, Corporate

finance and Retail finance, Marketing of Banks products, ForexManagement, General Banking in CBS environment with use of IT.

In 340 programmes 7436 employees were imparted training in the above

streams and other areas of Banking. Further, another 1015 Officers were

nominated in Advanced Training Programmes in key operational and

behavioural streams in pioneer training institutions like; Reserve Bank

of India, College of Agricultural Banking, Pune, NIBM, Pune, JNIDB,

Hyderabad, IIMs, NIBSC0M, Noida, State Bank Academy, Hyderabad, IMAGE,

Chennai, IDRBT, Hyderabad, FEDAI, CRISIL, IBA, Indian Institute of

Banking Finance, ICFAI, Hyderabad and MDI, Gurgaon etc. to quote a few.

Senior/top management functionaries were deputed for overseas exposureso as to have a feel of best international practices and their impact

on Indian banking.

During the year 2007-08, 201 Specialist Officers and 343 Clerks were

recruited through test/interviews in different grades under various

streams such as Financial Analysis, Forex, SSI, Law, Agriculture, IT,

HRD and Hindi etc. and were deputed for General Banking/specialized

training in their respective streams so as to provide them with

adequate exposure in order to conduct themselves comfortably in their

new assignments. Further, the Bank has also identified 200 vacancies of

Probationary Officers and the process for filling up these vacancies

shall be completed shortly. This will help in further improving age

profile of employees as well as increasing the productivity /

profitability of the Bank by ensuring optimum utilization of Human

Resources. As at the end of March 2008, the Bank had 6825 Officers,

5216 Non - Subordinate and 2763 Subordinate Staff, i.e. a total of

14804 employees.

The Bank has complied with alt Government guidelines in respect of

reservation for employees belonging to SC/ST/OBC/PWD/EXSM besides

providing laid down concessions/relaxations to them. The grievances of

SC/ST/OBC employees, if any, were resolved through SC/ST Cell working

at all Regional Offices and at Head Office under the charge of Liaison

Officer/ Chief Liaison Officer.

BOARD OF DIRECTORS

During 2007-2008,14 meetings of Board of Directors, 17 meetings of

Management Committee of Board, 6 meetings of Audit Committee of Board,


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were held.

During the year Sh. Alok K Misra, Chairman and Managing Director, took

charge of the Bank on 04.06.2007. Two new Directors namely Sh. Vijay

Jagirdar & Dr. R S Maharshi, Directors under Sec 9 (3) (h) of the

Banking Companies (Acquisition and Transfer of Undertakings), Act, 1980were nominated by the Central Government on 13.11.2007.

The Report on Corporate Governance may be read for other details

relating to the Directors of the Bank.

DIRECTORS RESPONSIBILITY STATEMENT

The Directors confirm that, in the preparation of the Annual Accounts

for the year ended 31st March 2008,

(a) the applicable accounting standards have been followed along withproper explanation relating to material departures, if any,

(b) the accounting policies framed in accordance with the guidelines of

the Reserve Bank of India, were consistently applied,

(c) reasonable and prudent judgment and estimates were made so as to

give true and fair view of the state of affairs of the bank at the end

of the financial year and of the profit of the bank for the year ended

on 31st March 2008,

(d) proper and sufficient care was taken for the maintenance of

adequate accounting records in accordance with the provisions of

applicable laws governing banks in India and the accounts have been

prepared on a going concern basis.

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The option to outsource marketing functions is becoming increasingly popular. If you are

evaluating the option to outsource there are a few things you should know when selecting amarketing consultant or outside firm. Learn what information your should gather and what

things you should look for to find the right marketing consultant for you.

Whats the Future for Marketing in the Media Industry?

Like any business, the media industry evolves in cycles. The career potential for marketers

in the media industry is anticipated to keep growing. Learn what you need to know aboutthe future for marketing in the media industry and how to break into the career path in this

guest article by Rick Linde.

4 Ways to Overcome Marketing Challenges Forever

For most small business owners, marketing is an overwhelming concept. They need

marketing solutions that ensure a smooth-running, profitable business yet most don't knowwhere to begin or how to focus their efforts. Guest author Leslie Hamp shows you four

ways to overcome marketing challenges forever.

Create an Effective Marketing Kit

The trifold brouchure is outdated. No one even reads them anymore, so how can you get

the attention of prospective customers and clients? Learn how to make an effectivemarketing kit that will drive business to your company.

Dare to Be Different In Your Marketing

Why is it so difficult to find new ideas in the industry of marketing? Have we become

complacent when it comes to developing new campaigns and strategies? Is it just easier to

copy campaigns and change them up to make them our own? Learn how getting back to thebasics can help you stand out and put you on a path that is unique and different. By daring

to be different I guarantee you'll see the effectiveness and the excitement of your marketing

endeavors increase.

Elements in the Situational Analysis

Before developing any given marketing strategy it is important to conduct some form of

analysis. This week guest author Alex Margarit shows you a raw marketing 101

introduction to what to take into account when conducting an analysis. He also provides

you with with a checklist of the most important factors to take into account. In his articleyou will learn how to evaluate the elements in situational analysis.

Develop Your Value Proposition

An effective and well written value proposition describes what you do in terms of tangible

business results. It draws interest and shares a success story within a few words. Learn how

to write yours today.
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20/22

Changing Your Position When There's CompetitionAre

you finding many of your best prospects already working withcompetitors? When you pursue a new opportunity, issomeone else capturing the prize? Maybe it's time to re-

evaluate your positioning. Learn how in this guest article byC.J. Hayden.

Tie-ups of bank with different banks andcompany
http://marketing.about.com/od/marketingplanandstrategy/a/compposition.htmhttp://marketing.about.com/od/marketingplanandstrategy/a/compposition.htm


21/22

Kotak Mahindra Asset Management Company entered into a distribution tie-up with Oriental Bank of Commerce (OBC). Under the agreement, OBCwill offer the entire bouquet of Kotak Mutual Fund's products acrossthe bank's branches. Mr. Sandesh Kirkire, Chief Executive Officer,Kotak Mahindra AMC and Mr. Alok Kumar Misra, Chairman and

Managing Director, OBC signed the MOU.

On the occasion, Mr. Sandesh Kirkire, Chief Executive Officer, KotakMahindra Asset Management Company said, "The banking network isone of the best approaches to reach out to retail investors. Offeringadvice on mutual fund investments is an extension of the value-addedservices that are offered by banks. As experts in the field of wealthcreation in India, our tie-up with OBC will reinforce our commitment toexpand retail participation. With this tie-up customers will gain easyaccess to the various schemes of Kotak Mahindra AMC at the brancheswhere they do their banking transactions."

"This tie-up between the two large players in their respective fields willbe mutually rewarding. OBC can leverage its unmatched branchnetwork and customer base to cross sell a range of mutual fund

products and thus open up a new revenue stream. For Kotak MahindraAMC, the tie up will enable it to tap into OBC's huge network andcustomer base", he added.

Mr. Alok K. Misra, Chairman and Managing Director, Oriental Bank ofCommerce said, "OBC through its well spread network of branches inmetro, urban, semi-urban and rural centres can reach various segmentsof customers and familiarize the new investment opportunities. Wehave taken one more step in this direction by signing a Memorandum ofUnderstanding with a well known mutual fund i.e. Kotak Mahindra, tooffer additional investment products to the customers of our Bank. Thecustomers of our Bank now have more products in the basket tochoose from."

About Kotak Mahindra Mutual Fund:

Kotak Mahindra Mutual Fund is in the business of asset management,by providing investors with smart financial products, which are aimedat enhancing customers' wealth, along with services that make theinvesting process easier. The company has a history of innovative

products and services behind it, and has led the way for the industry onmany

GM India in vehicle loan tie-up with orientalbank


22/22

General Motors India said on Monday that it has tied up with Oriental Bank of Commerce (OBC) forfinancing the automaker's vehicles at both wholesale and retail levels.

According to the memorandum of understanding, both OBC and GM India will promote schemes offeringeasy finance options to the prospective customers through all branches of the public sector bank.

It's [OBC's] extensive reach will help our customers to get loan facilities to buy our products. Low interestrates and low processing charges are some of the benefits of opting for Oriental Bank of Commerce as thepreferred financier for our vehicles, said Mr Ankush Arora, Vice-President (Sales & Marketing), GM India.

The agreement was signed by Mr Arora and Mr A.K. Tangri, General Manager, Retail and Priority SectorLending, OBC, in the presence of Mr Karl Slym, President & Managing Director, GM India.

The agreement was signed by Mr Arora and Mr A.K. Tangri, General Manager, Retail and Priority SectorLending, OBC, in the presence of Mr Karl Slym, President & Managing Director, GM India. GM India hasalready signed agreements with several banks for financing of its vehicles

Summary

Oriental Bank of Commerce (the Bank) is an India based bank engaged in offering variousbanking products and services. It offers deposit products namely saving accounts, currentaccounts, term deposit, suvidha deposit, tax saving term deposit and variable progressive

deposits; loans products such as housing loans, car / vehicle loans, education loans, andpersonal loans, loans to doctors, professionals, defense personnel, traders, small and mediumenterprises, and women; and also offers various other services such as NRI banking services,premium banking services, Internet services, foreign remittances, DMAT services and cashmanagement services.

G Oriental Bank of Commerce - Financial Analysis Review is an in-depth business, financialanalysis of Oriental Bank of Commerce. The report provides a comprehensive insight into thecompany, including business structure and operations, executive biographies and keycompetitors. The hallmark of the detailed financial ratios of the company.

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corporate profile of obc

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