Nashik, in Maharashtra, is known for its grapes which have earned this city the title of the "wine capital of India." Around 200 kilometers north of Mumbai, Nashik is an ancient city which stands on the banks of the Godavari. It is the 4th largest city in Maharashtra. Its expansive surroundings, the popular tourism and a soothing climate altogether make it a unique place. With thousands of Indians visiting the Trimbakeshwar Temple at Nashik, this city has become a popular pilgrimage for devotees. Nashik is regarded as one of the holiest Hindu cities as it has more than a hundred ancient temples such as the Shiva Temple and the Kalaram Temple. Anjaneri, the birthplace of Lord Hanuman, is also situated near Nashik. The famous Kumbh Mela is held at Nashik. Mythologically, Nashik is believed to be the location where Laxman, upon Lord Ramas advice, cut the nose of Ravanas sister Shurpanakha. Thus the city was named "Nashik," derived from the Sanskrit word "Nashika" which means nose. The economy of Nashik is mainly driven by agriculture, grape production in particular. Several industries have also come up in the area. Hindustan Aeronautics Limiteds aircraft manufacturing plant has made the city a defense and aerospace manufacturing hub. The Currency Note Press, where the Indian currency notes are printed, and the India Security Press, where Indian government stamps are printed, are among the other important units at Nashik. Thus, Nashik is one of those cities that have witnessed drastic economic progress in the last decade.
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.