Panvel is a city in the Raigad district of Maharashtra. It is situated in the Konkan Division of the state. It is a highly populated city since it is close to Mumbai. Panvel falls within the territorial boundary of the Mumbai Metropolitan Region. The Panvel creek borders the city on one side and there are mountains on the other sides of the city. Panvel is surrounded by some major industrial hubs housing the units of companies such as Larsen & Toubro Ltd., Reliance, ONGC, Hindustan Organic Chemicals Ltd., IPCL, etc., providing mass employment to the residents of Panvel. The JNPT port is situated near Panvel. A new SEZ is being set up by the government around Panvel. The places worth visiting in Panvel are Karnala fort, Karnala bird sanctuary, Gadeshwar dam, Matheran, Ballaleshwar Pal, Bet El Synagogue, Varadvinayak, etc. The city is very well connected to neighboring areas via roads and railway.
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.