Oriental Bank of Commerce is a public sector banking institution founded in Lahore in 1943 during the period of British India and is now headquartered in Gurgaon, Haryana, India. Later Oriental Bank of Commerce was made a nationalized bank in 1980s. Its total assets sum up to Rs.8237.958 crore and the Chairman and Managing Director of Oriental Bank of Commerce at present is Shri Anil Kumar. In 2004 Global Trust Bank Ltd. was merged with Oriental Bank of Commerce.
The bank offers a wide array of services like Consumer Banking, Investment Banking, Retail Banking, Commercial Banking, Mortgages, Credit Cards, Internet Banking, Phone Banking, NRI services. Finance Minister Nirmala Sitharaman had in August 2019 announced that PNB, Oriental Bank and United Bank will be merged to become the second largest PSU Bank in India with business of Rs 17.95 lakh crore (1.5 times that of PNB).
Following this merger, PNB became the country's second largest bank after the State Bank of India (SBI). Read more in Punjab National Bank