Oriental Bank of Commerce (OBC) has planned to set up over 100 branches across the country to take the branch network to 1500 with a total business mix of over Rs 2 lakh crore by March 2010.
Addressing media after inaugurating an existing branch office in a new premise, T Y Prabhu, Chairman and Managing Director of the bank it was also planned to augment its headcount from 16,615 by recruiting additional 1800 personnel within a short period.
The recruitment would be at entry, mid and senior levels to cater to the demand for increased manpower following expansion of branches and business, he said.
The headcount included plans to recruit 100 marketing managers and 83 Agriculture Officers during 2009-10, he said.
The bank, he said, had targeted a business growth of 21 per cent by end of this fiscal. “We are well on track to achieving it”, he said.
The bank had outlined four areas to focus on -- retail lending, agricultural credit, development loans for MSME sector, and large corporate finance, he said adding that large corporate finance accounted for 30 per cent of the total business.
Speaking about financial inclusion, he said it had covered 2118 villages comprising 14.18 lakh households.
