The Oriental Bank of Commerce is a public bank that was nationalized in 1980. It was founded in Lahore in the year 1943 by Rai Bahadur Lala Sohan Lal. After the Partition, the bank closed its branches in Pakistan and then shifted its registered office to Amritsar.
Oriental Bank of Commerce aims to be a premier customer friendly bank. It seeks to provide innovative and quality services to increase the wealth of its stakeholders, depositors and customers. Oriental Bank of Commerce also seeks to alleviate poverty and to bring about positive financial changes for the rural classes, minorities, women and backward classes.
The bank has started many schemes and projects at grassroots level. Some of these projects are currently in progress in the districts of Hanumangarh and Dehradun. Oriental Bank of Commerce acquired the Bari Doab bank as well as the Punjab Cooperative Bank in 1997.
In 2014, it also acquired the Global Trust Bank. The banks’ mission statement states that it aims to provide innovative, quality services along with state-of-the-art technology. It also seeks to increase their staff’s professional skills, and aims to create wealth for its customers and stakeholders.
Oriental Bank of Commerce has set up customer-centric services that make it easier for the customer to use the bank facilities. These are services such as mobile banking, internet banking, phone banking, etc.