Industry: Banking
Oriental Bank of Commerce provides various banking products and services in India. Its deposit products include saving accounts, current accounts, term deposit, tax saving term deposit, flexi fixed deposit, and variable progressive deposits. The company’s loan portfolio comprises housing loans, vehicle loans, education loans, personal loans, loans against government securities, loans against credit cards, and agricultural loans, as well as loans to doctors, professionals, defense personnel, traders, small and medium enterprises, and women.
Oriental Bank of Commerce also provides various services, such as cash management services, foreign remittances, DeMAT Services, NRI banking services, Internet services, online tax payment, bancassurance, national electronic funds transfer, real time gross settlement system, telephone banking, SMS banking, and automated teller machine (ATM), and debit cards.
In addition, the company provides a range of merchant banking services, such as managing of public issue of equity and debt, handling dividend/interest warrant issues of corporates, acting as escrow collecting bank of public issues, monitoring agency work as per SEBI guidelines, advisory services for projects, private placement of securities, syndication of rupee term loan, and corporate advisory services relating to takeovers, acquisitions, and disinvestments. As of March 31, 2009, it operated 1,401 branches and 66 extension counters and 845 ATMs.
