Manage Money

Bank Name

Low interest rate instant Personal Loan in shimla,14 November 2019 from Oriental Bank of Commerce

shimla or Simla is the capital city of the Indian state of Himachal Pradesh. It is a hill-side city, known for being a much-coveted tourist destination. The name of the city is received from an incarnation of the Hindu goddess Kali, known as Goddess Shyamala Devi. Shimla was chosen to be the summer capital of British India in 1864. The city became the capital of Punjab after independence. It was later shifted to the territorial boundaries of Himachal Pradesh and was made its capital. It is the principal center for commercial, cultural and educational activities of Himachal Pradesh. The city consisted of small hamlets before 1815 when the British forces took control of the area. The conducive climatic conditions of the area attracted the British to set up the city amidst the dense forests of the Himalayas. Shimla houses many buildings styled in the neo-Gothic and Tudorbethan architectures dating from the colonial era. It also has multiple temples and churches. These specimens of colonial architecture along with the natural environment of the city attract tourists. Places worth visiting in Shimla are the Viceroy Lodge, the Christ Church, the Jakhoo Temple, etc. The Mall Road and the Ridge together form the city center and are full of tourists at all times. The Kalka?Shimla Railway line which is a UNESCO World Heritage Site is also a major tourist attraction. Tourism fuels the economy of this scenic city.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

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.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs