Ongole is located in the Prakasam district of the South-Indian state of Andhra Pradesh. The city operates as a municipal corporation as well as the headquarters of the Prakasam district. Ongole also serves as the headquarters of the Ongole mandal in the Ongole revenue division. The city is known for its Ongole cattle, which is a breed of oxen and is a part of the worlds major zebu cattle breeds. The narrow streams of the Gundlakamma river pass through the city. Ongole has around 2 lakh residents who speak in Telugu. Agriculture fuels the economy of Ongole. The city is a center for trading tobacco in Andhra Pradesh. Many units of Galaxy Granite polishing provide a huge employment source to the residents of Ongole. The famous Ongole bulls are actually a breed of Oxen. These animals are exported to various countries. The Brahman bull found in America is considered to be an off-breed of the Ongole. Such off-breeds are found in Malaysia and Brazil too. The original breed of this animal is found in a tiny region around the town, in between the Gundlakamma and Musi Rivers. Ongole is also known for its beautiful parks and educational institutes.
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.