Parbhani is a city in the Indian state of Maharashtra. It functions as the administrative headquarters of Parbhani District situated in the Marathwada region of the state. Parbhani was earlier a part of the Nizam State and was later passed on to the Hyderabad State. When the Indian states were reorganized in 1956, Parbhani became a part of the then Bombay state. It was included within the boundaries of Maharashtra in 1960. The famous Vasantrao Naik Marathwada Agricultural University is located in Parbhani. In ancient times, the city was known by the name "Prabhavati Nagari," named after a massive temple of Goddess Prabhavati in the area. The present name of the city is a distorted form of Prabhavati. Parbhani has around 3 lakh residents and has been recognized as one of the cleanest cities in Maharashtra. Parbhani is located in the Godavari Valley, and hence the citys soil is very fertile as well as rich in nutrients. The economy of Parbhani is largely fuelled by agriculture and agribusiness. Parbhani is well connected to the neighboring areas and also offers all modern amenities to its residents. An annual festival is organized at Hazrat Turabul Haq Dargah in Parbhani, which attracts lakhs of tourists each year.
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.