Kharagpur is an industrial city in the Indian state of West Bengal. It is located in the Paschim Medinipur district of the state. It is a densely populated, multi-cultural and cosmopolitan city. The first Indian Institutes of Technology (IIT Kharagpur), was founded in this region in May 1950. Kharagpur is known for hosting one of the largest railway workshops in the country. The Kharagpur railway station is a busy and important railway junction and it has the 3rd longest railway platform in the world, stretching for more than 1 kilometer. The city received its name from king Kharga Malla of Mallabhum when he had conquered it. Kharagpur Municipality oversees the administration and the civic affairs in the city. The city has around 3 lakh residents. Bengali is the most commonly spoken language in the area, although many residents speak in Hindi, Telugu, Odia and Punjabi. This city has one of the largest industrial setups in the state. The good connectivity via rail and road ensures availability of labor and raw materials. Many large industrial plants belonging to important establishments like Tata, Siemens, ISD Cement, Godrej, Century Extrusions, Humboldt Wedag, Bengal Energy, Ramco Cements, etc are located in and around Kharagpur. The town has many small rice mills and iron rolling mills. An IT Park is under construction in the city.
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.