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Oriental Bank IFSC Code and MICR Code:

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Oriental Bank IFSC Code

About Oriental Bank of Commerce

Oriental Bank of Commerce also abbreviated as OBC was established in 1943 in Lahore which is currently part of Pakistan. Later Independence of India, new offices were registered and shifted from Pakistan to India in Amritsar. Since its establishment OBC had to undergo through many ups and downs particularly in the period of 1970-1976 which were the most challenging years in banks history. On 15th of April, 1980, the bank was nationalized and it ranked 19th among the 20 nationalized banks of India.

Later with the passage of time, this bank also grew the ladder of success and prosperity and hence indulged itself into many cooperative financial schemes and aids for the needy across the country.


OBC Services

Oriental Bank offers many financial and banking services to their customers in order to make them banking experience. Some of the services among its wide range of services are listed below:
Personal Banking: Personal Banking facilities provided by OBC are designed to be extremely smooth for the convenience of individual customers particularly from village and rural areas. Some of them are cards - classic / Silver / Gold, Corporate Credit Cards, Add-On Cards, Insurance & Investment – mutual fund, union healthcare, Demat – Demat accounts, online share trading, Payment.
NRI Banking: For NRIs there are also huge lists of services such as Remittance - E-Remit, Nostro Details for Remittance, Savings & Deposits - Foreign Currency Deposit, Loan & Services – house loans, foreign currency loans, loans against deposit, immovable property, and shares or debenture, Bill Payments.
Corporate Banking: For the support and progress of the corporate sector of India there are service such as Trade Finance, Insurances such as Non life Insurance, Corporate Agency, Syndication of Loans, MSME Banking, Loans & Policies, CMS - Union Speed, Union Centralized Debits/Credits, Union Prompt, E-Tax - Customs and Direct taxes, DGFT, Central Excise and Service Tax.
Internet Banking: In this digitalized world, Internet forms the major core of working. Hence OBC has many services in internet banking such as Bill Payment, RTGS, NEFT, Fund transfer etc.

IFSC Code for Oriental Bank of Commerce

Indian Financial System Code or IFSC code is an alphanumeric code issued by Reserve bank of India to each and every branch of the bank. These codes are unique to the branch of the particular bank. It helps in online transaction along with RTGS/NEFT Fund Transfer. It comprises of 11 characters which consist of both number and alphabets with the first four characters to be alphabets. For example: ORBC00*****

How to Find OBC IFSC Codes

With the help of branch detail of the OBC, state location, one can easily search for the OBC IFSC code. Before utilizing the information i.e. the code provided by any website from the Google search engine, it is really important to verify the authenticity and accuracy of the code given. Apart from this you can visit to the particular branch office and ask for the Oriental Bank of Commerce IFSC code. At the help desk you may be surely helped with correct information.


MICR stands for Magnetic Ink Character Recognition. It contains numeric values and usually printed on cheque leaves. It is mainly used for processing cheques easily.

How to Search MICR Code of Oriental Bank?

Oriental Bank of Commerce MICR code can be fetched with the correct details such as address of the particular branch of the bank. MICR code of OBC can also be fetched from the local branch of the Bank where you get the exact and correct information.

Other Popular Banks IFSC Code

Oriental Bank IFSC Code News:

Oriental Bank of Commerce also suffers due to bad loan provisions

The Oriental Bank of Commerce, popularly known as OBC was also unable to hit back to register its name out of those 5 banks that are suffering because of bad loan provisions. The first quarter of this financial year which is ended in the month of June has seen a dip in the profit of 61% of the OBC to touch its net profit at 100.7 crores in the 1st quarter of June. A year ago, it was a completely different story with the bank has a profit of Rs 257.8 crore. Although, the total income of the bank comes down to Rs 5,392.7 crore while a year ago it was, Rs 5,568.8 crore. To talk about the gross non-performing assets, it has doubled at 11.45 per cent of the gross advances as it is registered in June 2016. A year ago it was 5.85 percent. In the real-time statistics, the gross non-performing assets are 17,208.91 crores, in June 2016 from  8,577.04 crores a year ago. And in the front of net on-performing assets, it becomes more than double with  8.11 per cent of the advances in the current year than 3.76 percent in the last year in the same quarter. On the term of value, the net non-performing asset is Rs 11,734.30 crore, which was up from Rs 5,337.77 crore. The bank, as registered by the Bombay Stock Exchange, has also traded at Rs 112.90 a piece which is up 2.87 per cent as per the stock exchange.

2016/08/16 09:31 PM

Ashwani Gujral ,a market expert, says that one should sell HCL technologies and Tech Mahindra and buy OBC.

While speaking to us Mr Ashwani Gujral of ashwanigujral.com said that NBCC used to be his favorite stock and this sort of move basically tends to take place sideways between Rs 165 and Rs 215. He also mentioned that at some point in the future one can look at targets of Rs 255-260.

He said PSU banks were gaining strength and OBC could be bought with a target of Rs 128 and stop loss of Rs 116. One could sell HCL technologies at a target of Rs 700 and stop loss of Rs 730.

He also said that IT index will be sold at an auction and Tech Mahindra will be sold at a target of Rs 495 and a stop loss of Rs 513.

2016/07/08 07:30 AM

Project Udhbav approved by the Oriental Bank of Commerce

In the meeting held on June 25 2016 the Board of Directors of Oriental Bank of Commerce approved project Udbhav for restructuring of the organization and for business process re engineering.

The shares of the OBC were last seen trading at Rs 99.8 on BSE. The previous time the shares closed at Rs 102. In over 6745 trades the total number shares traded during the day was 1520471.

The net turnover during the day was of Rs 147369926. The stock hit an intra day low and high of Rs 93.45 and Rs 100.55 respectively.

2016/06/30 10:01 AM

Director of oriental bank of commerce finishes his tenure

In pursuance of the notification dated June 14 2013 of the Ministry of finance Govt of India Mr Kingshuk Bhattacharya under section 9(3)(e) of the banking companies act (1980) has vacated his office on the completion of his tenure.On BSE the shares of oriental bank of commerce were last seen listed at Rs 99.65 as compared to the previous close of Rs 95.55. The total number of shares traded during the day in over 6280 trades was 1143118.The intraday high of the share was Rs 100.2 and the intraday low was Rs 95.05 The net turnover for the day was Rs 111997392.

2016/06/20 09:37 PM

On monthly basis, OBC account holders to earn interest

In the open market, recently RBIs advisory to all banks on crediting interest at a very shorter interval. The state-owned bank that is Oriental Bank of Commerce (OBC) stated that it has commenced indulging that on monthly basis for account holders of savings account in their esteemed bank. According to its press release, this Bank has at present started crediting interest in its esteemed customers savings bank account from April, 2016 on monthly basis against the existing half yearly basis which was strictly followed before as per banking rules and regulations.

On the other hand, OBC largely claimed in the open market that it would be one of the initial few lenders in order to provide this particular benefit to its esteemed existing and potential savings account holders with a lot of perfection. It is to be remembered that last month, Reserve Bank of India has requested banks to pay interest on savings banks account on a shorter duration or quarterly basis. on a half-yearly basis, now, the interest is rightly credited to savings bank account. While private banks offer as much as 6% and public sector players offer 4% interest on savings deposit.

2016/04/28 08:37 AM

OBC sets up Rs 178 crore from LIC

In a press meet, spokesperson of Public sector lender Oriental Bank of Commerce (OBC) has mentioned that the bank has risen over Rs 178 crore by successfully issuing more than 2.15 crore shares to LIC just on preferential basis. On BSE at Rs 91.05, up 2.19 percent, Shares of Oriental Bank of Commerce were trading in a successful manner.  It is to be highly noted that on March 30, 2016, the Bank has proudly allotted 2,15,48,758 equity shares at an issue price that will includes premium of Rs 82.79 per equity share which actually aggregating up to Rs 178.40 crore to Life Insurance Corporation of India (LIC) on preferential basis. In the open market, this particular step by Oriental Bank of Commerce (OBC) is appreciated by experts and critics who are related to this particular field.

2016/04/09 09:32 AM

AP and Telangana will get 10 branch of The Oriental Bank of Commerce

During the next financial year, The Oriental Bank of Commerce is largely planning to grandly open 10 more branches in Telangana and Andhra Pradesh, as per Rajkiran Rai, the Executive Director. At the Asilametta branch of this bank, after distributing Mudra loans to selected 15 entrepreneurs, he cited that in the Hyderabad region, the bank had 95 branches comprising the two states in order to cater to the needs and requirements of the esteemed old and new customers. It is to be highly noted that the bank had proudly introduced different kinds of attractive schemes to all MSME esteemed customers in order to benefit them to a great extent.

2016/03/17 06:24 AM

Oriental Bank of Commerce sanctions preferential allotment to LIC, Government of India

On February 11, 2016, the Board of Directors of Oriental Bank of Commerce at its significant meeting held has wholeheartedly approved raising of equity capital by way of preferential allotment of equity shares in favour of Government of India for an amount approximately Rs. 1000 crore and Life Insurance Corporation of India (LIC) for an amount nearly Rs.500 crore as per Regulations 2009 / other applicable laws & guidelines and subject to requisite approvals by the concerned authority in the Indian banking sector. It is to be remembered that the shares OBC was last trading at Rs.82.1 in BSE as largely compared to the earlier close of Rs. 85.2 in the open market. During the particular day were 1193430 in over 6668 trades, the total number of shares traded in a successful manner.

During the day was Rs. 966,488,18 the net turnover. On the other hand, the stock hit an intraday high of approximately Rs. 85.8 plus intraday low of nearly 78.1. It is to be remembered that Oriental Bank of Commerce is an India-based bank that was established in Lahore during the period British India. It is one of the public sector banks in the nation. It indulges in Banking and Financial services. It was founded in 19 February 1943. Its headquarters is located in Gurgaon, in the state of Haryana, in India. Its key people are Shri Animesh Chauhan who holds the position of CEO and MD. It deals with products such as Investment banking, Commercial banking, Consumer banking, Private banking, Retail banking, Asset management, Credit cards, Pensions and Mortgages.

2016/02/24 04:39 AM

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