Bhagalpur is a historically important city. It is nestled on the banks of the Ganges in the Indian state of Bihar. Etymologically, the name of the city was derived from the word Bhagdatpuram which means good luck. According to the Hindu mythological texts, it was the place where the Hindu Gods and demons churned the ocean (Samudra Manthan) to procure elixir. Often referred to as the Silk City, Bhagalpur is a major commercial, educational and political center, and it has been selected by PM Narendra Modi for being developed into a smart city. The fertile plains in the Gangetic basin support the cultivation of crops such as rice, barley, wheat, maize and oilseeds. The city has been long associated with the silk industry - its Tussar Silk & Bhagalpuri Sarees are famous all over the country. The thermal power plant of NTPC Kahalgaon is located in the vicinity of the city. This industrial belt is equally important in boosting the citys economy. The Government of India has taken the initiative to establish a Hand-loom park at Bhagalpur. Private entrepreneurs have also set up a food park. Bhagalpurs Vikramshila Gangetic Dolphin Sanctuary is famous for Gangetic dolphins and attracts many tourists and environmentalists. There are various tourist spots like the Mandar Parvat, the Kuppa Ghat and a Stupa from the Pala Empire.
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.