Kolkata or Calcutta is a 350-year-old metropolis which is not only the capital of the Indian state of West Bengal but was also the erstwhile capital city of India. Kolkata is located on the bank of the Hooghly River, and the city is undoubtedly the principal cultural, educational and commercial center of East India. The Port of Kolkata on the Hooghly River is the oldest operating river port in India. The British East India Company had primarily developed the city after a long era of the Nawabi Rule. The native Bengali inhabitants of the city consider Kolkata to be India?s intellectual, artistic and cultural capital. Often called the "City of Joy," this friendly city and its friendlier people are extremely passionate about their culture and heritage, Tagore, politics and literature. Kolkata experiences a hot and sultry summer and a moderately cold winter. The city celebrates almost every Indian festival and gets especially decked up in autumn during the Durga Puja. A typical street in Kolkata consists of distinctively close-knit neighborhoods, freestyle intellectual exchanges, old yellow ambassador taxis, street food joints and sweet shops. North Kolkata hosts the older neighborhoods with huge old-fashioned houses and narrow streets, whereas South Kolkata is home to the posh and upscale Bengalis. Central Kolkata has the central business district; East Kolkata is the new and upcoming area of the city that is randomly developing.
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.