Caption of the Photograph
Shri Pranab Mukherjee, Hon’ble Finance Minister, Govt. of
India inaugurating Bank’s Corporate Office at Gurgaon to
coincide with the 70th Foundation Day of the Bank in the presence
of Shri Namo Narain Meena, Hon’ble Minister of State for
Finance, Govt. of India, Shri Bhupinder Singh Hooda, Hon’ble
Chief Minister of Haryana, Shri Nagesh Pydah, CMD of the
Bank, Shri S.C. Sinha & Shri V. Kannan, EDs .
Page 1 of 5
PRESS RELEASE
Date : 19th February, 2012
Oriental Bank of Commerce
Head Office, New Delhi
Shri Pranab Mukherjee,
Hon’ble Finance Minister, Govt. of India
Inaugurated New Corporate Office of Oriental Bank of Commerce
At Plot No.5, Sector 32, Institutional Area, Gurgaon
on the occasion of 70th Foundation Day of the Bank
on 19th February, 2012
Oriental Bank of Commerce, a leading Public Sector Bank has a Total Business
Mix of Rs.2,67,000 crore with a total customer base of more than 1.77 crore. The
Bank has a Branch Network of 1730 Branches, 22 Extension Counters and
1251 ATMs all over India.
Shri Pranab Mukherjee, Hon’ble Finance Minister, Govt. of India today
inaugurated Bank’s Corporate Office at Plot No.5,Sector 32, Institutional Area,
Gurgaon to coincide with the 70th Foundation Day of the Bank in the presence of
Shri Namo Narain Meena, Hon’ble Minister of State for Finance, Govt. of India,
Shri Bhupinder Singh Hooda, Hon’ble Chief Minister of Haryana,
Shri Nagesh Pydah, CMD of the Bank, Shri S.C. Sinha & Shri V. Kannan, EDs of
the Bank and other dignitaries.
With this, Oriental Bank of Commerce becomes the only Public Sector Bank
having its Corporate Office in the State of Haryana. On the occasion, Hon’ble
Finance Minister also inaugurated an E-Lobby in the same premises. This State of
Art unmanned E-Lobby will provide wide ranging 24x7 Banking facilities to its
customers on a self-service basis which includes: All ATM Services including Cash Withdrawal, Balance Inquiry, Mini
Statement, Pin Change, Funds Transfer, Income Tax Payment, Cheque
Status Inquiry, SMS Registration, Stop Payment request, etc. through ATM
by the Bank’s own customers as well as other Banks Customers.
 Deposit of Cheques and Drafts through the Cheque Deposit Machine which
provides acknowledgement for deposit and copy of cheque to the customer.
 Internet Banking Kiosk for undertaking Internet Banking transactions in the
E-Lobby.
 Coin vending machine for dispensing coins to customers.
Page 2 of 5
Hon’ble Finance Minister also inaugurated 2 (Two) Ultra Small Branches in
Village Badarpur and Village Marora in Mewat District of Haryana through
remote as per the recent guidelines of Ministry of Finance where Banks have been
advised to open Ultra Small Branches with minimum staff deployment and
infrastructural costs. Business Correspondents appointed by the Bank will perform all
cash transactions and other routine work throughout the week. However, a Bank
Official shall visit the Branch at least once in a week along with a laptop which will
have VPN connectivity to the CBS. This will help the Bank to widen its reach towards
Financial Inclusion in remote areas.
Some Net Banking enhancements were also inaugurated on the occasion which
include:
 Implementation of SSL Extended Validation (EV) 256 bit digital certificate a security enhancement
 Facility for customers to generate Online password
 Receiving Tracker ID through EMAIL facility enabled for Jammu and Kashmir
based customers only.
On the occasion, Shri Pydah, CMD of the Bank informed that Oriental Bank of
Commerce is having maximum presence in the states of Haryana, Punjab, Uttar
Pradesh and Rajasthan. In Haryana, the Bank is having a visible presence in all
the 21 (Twenty One) Districts of the State.
Delivery Network and Performance of the Bank in Haryana as on 31.12.2011
o No. of Branches
o
o
o
o
o
o
o
o
o
o
o
o
o
Bank’s Regional Offices
No. of Districts Covered
No. of ATMs
Bank’s Customer Base
Business Mix
Total Deposits
Gross Advances
CD Ratio
Priority Sector
Total Agriculture
Small Enterprises
Weaker Section
Lead Bank Responsibilities
:194(Metro:09,Urban:69, Semi-urban:63, Rural:53)
Extension Counters-02
: 03 (Gurgaon, Karnal & Rohtak)
: All i.e. 21 (Twenty One)
: 103
: 23.05 lac
: Rs.20,374 crore
: Rs.12,399 crore
: Rs.7,975 crore
: 64.32%
: Rs.5,298 crore
: Rs.2,710 crore
: Rs.1,712 crore
: Rs.1,646 crore
: District Palwal
Page 3 of 5
Bank has installed 46 ATMs in Rural and Semi-Urban areas in Haryana including
Biometric ATM at Rural Branch Bahu Jholri in Jhajjar District. Bank has
operationalised a Mobile Branch for Palwal District. This Mobile Branch is attached
to B/O Aurangabad in Palwal District and is providing Banking Services to the
residents of 9 (Nine) adjoining villages at their doorsteps.
Attractive Deposit/Loan Schemes and Other Products offered by the Bank
Bank offers various attractive deposit schemes such as Savings Accounts, Current
Accounts, Term Deposits, etc. and loan schemes such as loan for Small and
Medium Enterprises, Industries i.e. Large Corporate and Mid Corporate, Crop loans,
Priority Sector advances, Housing loans, Education loans, Vehicle loans, etc. which
cater to all sections of the society.
Bank also offers bouquet of IT Products viz. Net Banking, Mobile Banking, SMS
Services, Electronic Remittance facilities through RTGS/NEFT, Income Tax Payment
through ATMs, etc.
Bank offers various Life Insurance Products of its Joint Venture Company viz.
Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.
During this Financial Year, Bank has launched “Oriental Bank Mediclaim Policy”
in collaboration with the Oriental Insurance Company Ltd. for its customers. Bank
has also launched a co-branded Credit Card in the name of “SBI-Oriental Bank of
Commerce Credit Card” which is in collaboration with SBI Cards. The card is
available in two variants - Platinum and Gold for customers of the Bank.
Empowering Rural India
To take care of the downtrodden, Bank pioneered a micro credit product namely
Oriental Grameen Swarojgar Card for Rural Entrepreneurs and provides finance
for micro activities to residents in the villages. Bank has also a Micro Thrift Scheme
called Oriental Grameen Jama Yojana for the financially excluded people in rural
areas.
As a part of its Corporate Social Responsibility, the Bank has set up a Trust in the
name of ‘OBC Rural Development Trust’ on 09.12.2005 for setting up of Rural
Self Employment Training Institutes (RSETIs). The Trust has set up 5 (Five)
Institutes in different states viz. Jaipur & Sriganganagar in Rajasthan, Ferozepur in
Punjab, Dehradun in Uttrakhand & Palwal in Haryana which impart free training on
skill development to the rural unemployed youth for self-employment generating
activities.
Page 4 of 5
Financial Inclusion – Implementation of Govt. of India Initiatives
o Total villages allotted
(with population more than 2000)
o No. of Villages allotted in Haryana
o No. of villages covered till date
o No. of No Frill/SB Accounts
Opened in FIP Villages
o No. of Biometric Cards activated
o No. of No Frill Accounts opened
o No. of Self Help Groups formed
:574 villages
:101 villages
:467 villages
(including 101 villages in Haryana)
:3,89,629
:1,26,934 cards
:20.76 lac (O/S Rs.413 crore)
:10802(Loan Amt. O/S Rs.162.03 crore)
Bank has also opened 4 Financial Literacy & Credit Counseling (FLCC) Centres
in Karnal and Palwal Districts of Haryana, Sriganganagar in Rajasthan & Ferozpur
in Punjab.
Place : Gurgaon, Haryana
Date : 19th February, 2012
***************
Page 5 of 5