The city of Bhusawal is also a municipal council in the Jalgaon district of the Indian state of Maharashtra. Situated near River Tapi, Bhusawal is the second largest town in the district. The city lies very near to the great and famous Ajanta Caves. Major industrial facilities at Bhusawal include the Bhusawal Thermal Power Station, two Ordnance Factories, Orient Cement Grinding Unit, a depot of Indian Oil Corporation Limited, Electricity Locomotive Workshop, etc. Bhusawal is known for its cultivation of bananas. Traders buy raw bananas from Bhusawal and export them across the world. This city is also known for the production of its special white brinjals that are grown locally. Bhusawal Junction railway station is a divisional headquarters of Central Railway and has good rail services. The population of this city is within a lakh and the residents mostly speak in Marathi.
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.