Ajmer is situated in the Indian state of Rajasthan and is the administrative headquarters of the eponymous Ajmer District. It is one of the heritage cities for HIRDAY- heritage city development and augmentation Yojana launched by the PM of India. The city is also known as ?The City of Unity? and ?Heart of Rajasthan.? Ajmer has a long history of being ruled by the Rajputs who played an important role in shaping up the city. The city has been divided into 55 wards for effective administration, with each ward represented by an elected member. The economy of Ajmer is based on agriculture as well as manufacturing and textile industries. Crops like bajra, jowar, pulses, maize, groundnut, cotton, wheat, barley, gram and oilseeds are grown in the entire Ajmer district. The city hosts many educational institutions and universities like the Central University of Rajasthan, Maharshi Dayanand Saraswati University, etc. Ajmer is a beautiful tourist destination with plenty of must-visit places such as Akbars Palace & Museum, Dargah Ajmer Shariff, Nasiyan Jain Temple, Taragarh Fort, Ana Sagar Lake, Nareli Jain Temple, Rangji Temple, etc.
On 19th February 1943, the OBC was started in Lahore, Pakistan by Late Rai Bahadur Lala Sohan Lal, the founding father of Oriental Bank of Commerce. The bank had to face the after-effects of partition in 1947. The branches in the newly formed Pakistan had shut, and the Registered Office had shifted from Lahore to Amritsar. The registered office was relocated to Delhi, in the year 1951. In 1980, it was nationalized by the Indian government. The merchant banking division of the bank was set up in 1992, and it was authorized by SEBI to act as a category-I merchant banker. In the year 1997, Punjab Co-operative Bank Ltd and Bari Doab Bank Ltd were merged with the OBC bank. The bank had joined hands with Citibank for launching OBC co-branded credit card. In the year 1999, OBC had set up asset recovery branch, one each at Delhi and Mumbai. For women entrepreneurs in the year 2002, the Bank had opened a specialized office and collaborated with Corporation Bank for sharing ATM network. In the year 2003, CBS, OBC had joined hands with Infosys Technologies Ltd and Wipro Ltd to make Centralised Banking Solution. In the same year, the OBC Bank and Small Industries Development Bank of India (SIDBI) had agreed to work on projects in the field of small-scale, infrastructure and service areas. In February 2008, the Oriental Bank Navkiran Deposit Scheme was launched by the bank. Kotak Mahindra Asset Management Company entered into a distribution tie-up with OBC in March of the year 2008.