satna is a city in the Indian state of Madhya Pradesh that also serves as the Satna districts administrative headquarters. The city derives its name from the nearby Satna river which flows through the Baghelkhand region of the state. According to the Hindu epic Mahabharata, the Haihaya, Kalchuri or Chedi clans were the inhabitants of the region. Satna has a long history of being a part of various princely states. The city sits on a mineral-rich area and is known for dolomite mines and limestone and it contributes around 8% to 9% of the countrys total cement production. There are ten cement factories in Satna and the product is exported to other parts of the country. Satna houses the well-known electrical cable company called Universal Cables. Satna also serves as a major spot for religious tourism including Chitrakoot, Maihar and Bharhut. There are many temples, a Buddhist Stupa and a fort in the vicinity of the area. The city has quite a few good schools and colleges and is currently upgrading itself to become a modern city with all modern facilities. This city is often called the commercial capital of Baghelkhand as it is among the most promising cities of the state. Several new industries have been planned to be set up in this city by some of the most reputed industrial houses in India.
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.