OBC Full Form

by Yogi P - October 15, 2023

What is the full form of OBC and what are its main objectives and services?

OBC stands for Oriental Bank of Commerce. It is a public sector bank in India that was founded in 1943. It is headquartered in Gurugram, Haryana and has a network of over 2,000 branches across the country.

Main objectives of OBC:

• To provide innovative and reliable services to its customers that meet their needs and expectations.
• To use state-of-the-art technology to improve the efficiency and effectiveness of its operations.
• To develop the skills of its employees and foster cooperation among them.
• To create wealth for its customers and shareholders.

Services offered by OBC:

• Deposits: OBC offers a variety of deposit accounts, including term deposits, current accounts, and savings accounts.
• Loans: OBC offers a wide range of loans to individuals and businesses, including mortgage loans, vehicle loans, home loans, personal loans, and business loans.
• Forex services: OBC offers a variety of forex services, including trade and finance, forex card rates, and foreign exchange.
• Digital banking services: OBC offers a variety of digital banking services, including ATMs, BHIM, internet and mobile banking, and debit cards.

OBC is a leading public sector bank in India that offers a wide range of financial products and services to its customers. It is committed to providing innovative and reliable services that meet the needs and expectations of its customers.