Oriental Bank of Commerce - IMPS

Oriental Bank of Commerce - IMPS

Oriental Bank of Commerce joins IMPS with soft launch

On 10/02/2011, Oriental Bank of Commerce walked into the IMPS club, with a soft launch

As this is a soft launch, Oriental Bank of Commerce has not yet updated the details on its website.

The normal time lag between Soft Launch and Commercial Launch is a month. So, by this month, Oriental Bank of Commerce should be able to all its mobile banking customer’s the IMPS facility.

OBC came into existence in the erstwhile Undivided India on 19th Feb' 1943 in Lahore.

The partition saw the closure of its Branches in Pakistan. However, it’s than chairman Late Lala Karam Chand Thapar honored the commitments made to the depositors from Pakistan and paid every rupee to its departing customers.

Like all Institutions, OBC had its challenging phases. The period of 1970-76 is said to be the most challenging phase in the history of the Bank.  This was because, at one time profit plummeted to Rs.175, and the owner of the bank, the Thapar House, decided to sell / close the bank.

But, the employees and leaders of the Bank came forward to rescue the Bank. The owners were moved and had to change their decision of selling the bank and in turn they decided to improve the position of the bank with the active cooperation and support of all the employees. 

The turnaround happened and OBC was back to normal.

Another turning point was the merger of Global Trust Bank with itself. This enabled the Bank to expand its footprints