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Mr Alok K. Misra

Our Bureau

Kolkata, Aug. 18

The focus of Oriental Bank of Commerce in the current year will be on vigorous lending to mid-corporates, SMEs and priority sector segments as well as mobilisation of low-cost deposits, according to Mr Alok K. Misra, Chairman and Managing Director of the bank.

Addressing a meeting here recently, Mr Misra unveiled the bank’s plan to achieve by 2010 a total business of Rs 2,00,000 crore as compared to the present Rs 1,40,000 crore.

This, he said, should be possible also because of the bank’s thrust to providing IT-based services.

The Oriental Bank of Commerce CMD, during his recent visit to Kolkata and Durgapur (accounting for the large chunk of the bank’s business in eastern region), interacted with the cross-section of people to explain the types of IT-based products being offered by the bank.

Already the bank, with 100 per cent core banking solutions, was fully equipped to provide Internet banking, , electronic fund remittance through RTGS/NEFT, online education loan, e-shoppe, e-taxes besides on-line trading of shares, proton debit cards, cashmate cards for students and SMS alert service to customers.

In Kolkata region, OBC has a network of 45 branches and 33 ATMs covering large parts of West Bengal, Assam and Sikkim.

During the current year, the bank proposed to open branches in Agartala (Tripura), Shillong (Meghalaya) and Dibrugarh (Assam), he added.

More Stories on : Public Sector Banks | Fixed Deposits | Oriental Bank of Commerce | West Bengal

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