Anand is the administrative center of the eponymous district in the Indian state of Gujarat. It is situated in the Charotar region which consists of the Anand and Kheda Districts. This city is popularly known as the Milk Capital of India as it was the seat of the milk revolution started by Verghese Kurien who established the first plant of AMUL at Anand in 1946. The Head Office of Gujarat Cooperative Milk Marketing Federation Ltd is located in Anand. There are many other reputed organizations based in this area such as NDDB of India, Vidya Dairy, the Institute of Rural Management Anand and the Anand Agricultural University. Vallabh Vidhyanagar, an educational suburb of Anand, is home to thousands of students from all over India. The vibrant economy of the Anand ranges from farming to large-scale industries. Major crops that are grown in the area are tobacco and banana. Dairy farming is the leading source of economy in Anand. Vitthal Udhyog Nagar, a huge industrial belt located on the outskirts of Anand, has many famous industries such as Elecon Engineering, Vulcan Industrial Engineering Co. Ltd, The Charotar Iron Factory, Milcent and Atlanta Electrics and Warm Steam, etc. Three thriving vegetable markets have developed in this city. Anand houses around 3 lakh residents who speak mainly in Gujarati and also in Hindi.
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.