OBC opens new branch in Chennai

Oriental Bank of Commerce has launched a new branch in Chennai, taking the total number of its branches in the country to 2013. With this new chapter, the number of branches in the region (Tamil Nadu and Puducherry) goes up to 51. According to a press release, the bank intends to open another 10 branches in this region during the current financial year. 

It has over 1,500 ATMs across cities. Total business of the bank in 2012-13 crossed Rs 3-lakh crore, and the operating profit of the bank for the year was at Rs 3,691 crore. Net profit stood at Rs 1,328 crore. The bank hopes to more than double its business in the next five years.

Source: thehindubusinessline