Manage Money

Bank Name

Credit Card Takeover Loan from Oriental Bank of Commerce in Burhanpur

The Indian city of Burhanpur is a historical city located in the Nimar region of Madhya Pradesh. It functions as the administrative hub of Burhanpur District. It is situated on the bank of River Tapti. Historical excavations have revealed that the Rashtrakuta Dynasty had ruled over the area during 753?982 AD. In 1388, the Faruqi dynasty Sultan Malik Nasir Khan discovered Burhanpur, made it the capital of the Khandesh sultanate and named it after a medieval Sufi saint called Burhan-ud-Din. During the reign of the Faruqi dynasty, the city got transformed into a major center for textile production and trade. The place was later annexed into the Mughal Empire in 1601 by Emperor Akbar. Burhanpur is known for its textile industry as it is the largest center for the power loom industry in Madhya Pradesh. Over 300 companies that deal in interlining cloth and other types of fabric are based in this city. Balaji has its units for manufacturing pipes and agricultural equipment in Burhanpur. Additionally, there are many cotton and oil mills in the city. Burhanpur is also the largest producer of banana in Madhya Pradesh. Burhanpur is well-known for its thriving tourism industry. Apart from the scenic views, the city offers several beautiful spots for tourism such as Asirgarh Fort, Shahi Qila, Dargah-e-Hakimi, Swami Narayan Temple, etc.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

Low interest rate Credit Card Take Over Loan in Burhanpur, 13 November 2019 from Oriental Bank of Commerce

In 1943, Rai Bahadur Lala Sohan Lal Ji, the first Chairman of OBC, founded it in Lahore. Within four years of its existence, the Oriental Bank of Commerce had to face Partition between India and Pakistan. The bank had to shut its branches in the newly formed Pakistan and move its registered office to Amritsar. The period of 1970-76 had been the most challenging phase in the history of the Bank. The OBC merged with Global Trust Bank (GTB) on 14 August 2004. The acquisition brought 103 branches with it, which increased OBCs branch number total to 1092. The bank presents a wide range of banking products and financial services such as deposit accounts, credit cards with a tie-up with SBI, Insurance products, ATMs, loans, debit cards, Internet banking, Self-banking halls, call center, mobile banking, etc. The Bank has introduced another peoples participation in the planning process at grass root level fundamentally to tackle the maladies of poverty. The Grameen Projects venture aimed to alleviate poverty while identifying the reasons responsible for the failure or success. The OBC has already introduced a GRAMEEN PROJECT in Dehradun District (UK) and Hanumangarh District in Rajasthan.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs