Oriental Bank of Commerce

Established on 19th Feb' 1943 in Lahore, Oriental Bank of Commerce (OBC) is one of the public 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 into existence, 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 paved its way to count amongst the strongest banks in India. With High Capital Adequacy Ratio, Oriental Bank of Commerce is known be a consistent profit-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 short term 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 needs The report contains critical company information business structure and operations, the company history, major products and services, key competitors, key employees and executive biographies, different locations and important subsidiaries. - The report provides detailed financial ratios for the past five years as well as interim ratios for the last four quarters.

company history
The 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

 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 banks which 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. Tie up with new Holland tractors. The bank induct infy, wipro for implementing it project.

In 2004 In 2006
Obc has informed that the bank has signed the memorandum of understanding with IL and FS investment securities .for providing on line 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 for providing retail tractor finance to farmer .

And now,
It is providing service including accepting deposits providing loans ,financing and other related services to the customer and industries. 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

VISION
To 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 GUIDELINES

We 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 respect both 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 are volunteers. 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

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 bank

OBC 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 outlets of 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

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 Point of 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 all the 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, Australian Dollars, 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 in Pound Sterling, US Dollars, Canadian Dollars, Australian Dollars, Euro and Japanese Yen with minimum maturity of one year and maximum of five years. Interest income and balances in these accounts are free from all Indian taxes. The funds can be repatriated 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 these accounts 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.

Procedure for opening Non Resident Accounts The following documents are required for opening Non Resident Accounts as mentioned in paras 2.a) to 2.c).: i. Identify/Address proof viz. Passport/International driving licence or attestation of Account Opening Form by their banker outside India or by an Official of Indian Embassy or Consulate under their seal and signatures. Two Passport size photographs 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 account According to the existing FEMA guidelines, NRIs can remit upto USD 1 million or its 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 mentioned amount 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 direct investment 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 based activities 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/200607/244 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

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 in India 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 India from 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, bonds and 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 currencies or 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 through private 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

fulfillment of certain conditions. Sale proceeds of above mentioned securities are allowed to be repatriated outside India after payment of applicable taxes in India and after obtaining permission from Reserve Bank of India. 3.c) Investment in Immovable property No permission required to purchase a residential/commercial property. There is no restriction on the number of residential/commercial properties that a NRI can purchase. No return/form is required to be submitted to Reserve Bank of India after purchase of property. Purchase of agricultural/plantation property/farm houses is not allowed. Residential/commercial property can also be acquired by way of inheritance or gift from a resident in India. The purchase consideration for acquiring properties should be by way of fresh remittances in foreign exchange or by debit to NRE/FCNR (B) account of the Non-Resident. The properties, so acquired, can be sold to a person resident in India only. Such properties can be sold to another Non-Resident Indian or a person of Indian origin after obtaining RBI permission. There is no restriction on the number of sale of commercial properties. In case of residential property, sale proceeds can be remitted outside India in respect of two properties only within the overall limit of USD 1 million or its equivalent after payment of applicable Indian taxes. There is no lock-in-period either for sale of immovable property or for remittance of proceeds thereof abroad. The sale amount, so repatriable, should not exceed the foreign exchange brought into India for purchase of properties or the amount debited to NRE/FCNR(B) account. 4. PIO Card Scheme 4.a) Persons of Indian origin other than citizen of Bangladesh or Pakistan may avail of the facility of acquiring a PIO Card if :At any time, he/she held an Indian passport; or He/she or either of his/her parents or grand parents or great grand parents was borne in India and permanently resident in India as defined in the Government of India Act, 1935 and other territories that became part of India thereafter provided neither was at any time a citizen of any country as may be specified by Central Government from time to time; or Who is a spouse of a citizen of India or a Person of Indian Origin as mentioned above. The scheme is broad-based, covers upto four generations and also the foreign spouse of a citizen of India or A PIO. 4.b) A PIO card holder is at par with NRIs in respect of all facilities in economic, financial fields and for getting admission to educational institutions in India including medical colleges, engineering colleges, Institute of Technology, Institute of Management etc.

Cash management services provided by obc

CASH MANAGEMENT SERVICES FOR CORPORATES Cash Management is logistics of moving money. Trade transaction result in movement of money across

locations & across parties. It serves as the means to keep an organization functioning by making the best use of cash or liquid resources of the organization. We provide time & place value for money through CMS. Cash Management is about managing:

Movement of money. Movement of paper/instructions/cheques. Information on movement of paper/money. To Reduce:-

Excess funds requirements, overdrafts, borrowings. Wastage of idle float funds. Unevenness in information, process & clearing bottlenecks.

IT Initiatives Taken by The Bank

IT Initiatives Taken by Bank The Bank has been constantly taking new initiative in Information Technology with the increased focus on customer service and setting up of new delivery channels. The Bank has computerized all its branches & Extension Counters (E/C) on CBS and with this complete business of the Bank is getting routed through Centralized Banking Solution (CBS). The Bank has also deployed several electronic delivery channels such as ATMs, Internet Banking including utility payments, SMS Banking etc. and brief status of these projects is given herein below: Centralized Banking Solution (CBS): 100% CBS Bank with 1478 Branches. Anywhere, Anytime, Anybranch Banking resulting in Customer of the Bank, rather than customer of the Branch. Host of IT Enabled products e.g. RTGS/NEFT/Flexi Deposit Etc. available through all 1478 Branches.

Speed Clearing: Bank has put in place the required IT Infrastructure for

implementation of the Speed clearing project of RBI. Cheques of all Branches of our Bank are being accepted and passed 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 finger prints.

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 to IRCTC. 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 Fax Machines 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 customers chosen mobile number for various transactions in his account and cover following : Credit /debit alerts for amounts specific to individual customers. Threshold alerts to customers if balance goes below minimum

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 Banks assistance can do so by availing loan from Oriental Bank Of Commerce.They can apply for the loan online at the Banks Website named http://www.obcindia.co.in by following few simple user friendly steps. Dedicated team of officers keep track of such online requests and facilitate quicker processing and disposal of such online requests. The status of application is periodically updated on the Banks website which can be tracked by students from the cyber receipt reference number provided at the time of submission of online application.

OBC e-shoppe: OBC e-shoppe provides a platform for availing various online services such as booking Railway Tickets, Air Tickets, Hotel accommodation besides online shopping through more than 1000 websites of leading stores of books, jewelleries, music stores and other household products. The customer can make online payment for these products and services through the net banking account of our Bank.

OBC e-Taxes: Coming out with another IT initiative,the Bank is now providing the facility through which all types of direct taxes can be deposited by the customers online through the net banking services from the comfort of their office or home. The challan will be generated online and the same should be preserved for future reference and records.

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

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 Income Tax and other direct taxes on behalf of Government. The customers including Corporates, Individuals, Proprietorship concerns, Partnership firms, Trusts, Club, Society, etc. can pay their tax liability through banks OLTAS window available through 145 select branches across the country.

Cash Management Product for Corporate: The Bank has introduced the Cash Management Services For Corporate Clients. It offers IT enabled state-of-the-art solution to the Cash and Receivable Management for large Corporate/ business entities having wide spread areas of business operations. Cash Management Services / Solutions are available both for collections 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 shortest possible time. Integrated Collection Centres (locations) for direct deposit of instruments / collection of upcountry instruments are offered by 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 the districts of Ferozepur, Amritsar in Punjab and Dehradun in Uttrakhand. For the convenience of villagers, hand held devices are installed in the identified villages. Customers in these villages can do banking transactions, both Cash withdrawal and deposit by using smart Cards being issued to them bearing their photograph and Basic particulars.

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

disbursal of salaries, Interest etc by the Corporates. It eliminates delays due to postal / clearing as the amount gets directly 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/institutions receiving periodic/repetitive payments towards electricity bills/telephone bills/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 participate in Clearing Operations through Service/ Main branches of respective banks. Wide Area Network (WAN) And DR: Robust, secured and efficient Enterprise Wide Area Network covering approx. 1413 locations. This Network is primarily a Leased Line Based Network with ISDN as a backup. The network is a three-tier architecture viz. Core, Aggregation & Access layers. Near Line Site (NLS) at Vashi, Mumbai connected to DC through Optical Fiber. Disaster Recovery Site at New Delhi and well-documented Business Continuity Plan (BCP). The Bank has 3-way Data Centre with Primary Data Centre, Near Line Site (NLS) at Mumbai and DR site at Delhi.

Education loan provided by obc bank

Air fare for joining the course abroad, Boarding & lodging expenses of hostel/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:

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 pledge of 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 with our 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/-

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 institutions like Universities, Schools/College, PSUs, reputed hospitals, and well established corporate. 2 Minimum 3 years of service, including service with the previous employer(s), if any. 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 after deducting 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 other institutions like Universities, Schools / College, PSUs, reputed Hospitals and well established Corporate. 1. Where the employer is maintaining the salary accounts of its employees with the branch and monthly installment is recovered from the salary account for adjustment of loan. OR 2. 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

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 Senior Bureaucrats/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

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, Forex Management, 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 exposure so 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,

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, 1980 were 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 with proper 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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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 know where 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 effective marketing 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 the basics 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 article you 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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Tie-ups of bank with different banks and company

Kotak Mahindra Asset Management Company entered into a distribution tieup with Oriental Bank of Commerce (OBC). Under the agreement, OBC will offer the entire bouquet of Kotak Mutual Fund's products across the 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, Kotak Mahindra Asset Management Company said, "The banking network is one of the best approaches to reach out to retail investors. Offering advice on mutual fund investments is an extension of the value-added services that are offered by banks. As experts in the field of wealth creation in India, our tie-up with OBC will reinforce our commitment to expand retail participation. With this tie-up customers will gain easy access to the various schemes of Kotak Mahindra AMC at the branches where they do their banking transactions." "This tie-up between the two large players in their respective fields will be mutually rewarding. OBC can leverage its unmatched branch network and customer base to cross sell a range of mutual fund products and thus open up a new revenue stream. For Kotak Mahindra AMC, the tie up will enable it to tap into OBC's huge network and customer base", he added. Mr. Alok K. Misra, Chairman and Managing Director, Oriental Bank of Commerce said, "OBC through its well spread network of branches in metro, urban, semi-urban and rural centres can reach various segments of customers and familiarize the new investment opportunities. We have taken one more step in this direction by signing a Memorandum of Understanding with a well known mutual fund i.e. Kotak Mahindra, to offer additional investment products to the customers of our Bank. The customers of our Bank now have more products in the basket to choose 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 aimed at enhancing customers' wealth, along with services that make the investing process easier. The company has a history of innovative products and services behind it, and has led the way for the industry on many

GM India in vehicle loan tie-up with oriental bank

General Motors India said on Monday that it has tied up with Oriental Bank of Commerce (OBC) for financing the automaker's vehicles at both wholesale and retail levels. According to the memorandum of understanding, both OBC and GM India will promote schemes offering easy 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 interest rates and low processing charges are some of the benefits of opting for Oriental Bank of Commerce as the preferred 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 Sector Lending, 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 Sector Lending, OBC, in the presence of Mr Karl Slym, President & Managing Director, GM India. GM India has already 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 various banking products and services. It offers deposit products namely saving accounts, current accounts, term deposit, suvidha deposit, tax saving term deposit and variable progressive deposits; loans products such as housing loans, car / vehicle loans, education loans, and personal loans, loans to doctors, professionals, defense personnel, traders, small and medium enterprises, and women; and also offers various other services such as NRI banking services, premium banking services, Internet services, foreign remittances, DMAT services and cash management services. G Oriental Bank of Commerce - Financial Analysis Review is an in-depth business, financial analysis of Oriental Bank of Commerce. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the detailed financial ratios of the company. .