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Old December 6th, 2016, 09:56 AM
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Default Merger of Global Trust Bank and Oriental Bank of Commerce

Can you tell me when was Global Trust Bank (India) (GTB) merged with OBC (Oriental Bank of Commerce)?
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Old December 6th, 2016, 11:27 AM
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Default Re: Merger of Global Trust Bank and Oriental Bank of Commerce

Global Trust Bank (India) (GTB) was founded on 21 October 1994 and commenced operations at Secunderabad.

Oriental Bank of Commerce is an India-based bank established in Lahore (then the city of British India, and currently in Pakistan), is one of the public sector banks in India.


On 14 August 2004, OBC (Oriental Bank of Commerce) amalgamated Global Trust Bank (GTB).

GTB was a leading private sector bank in India that was associated with various financial discrepancies leading to a moratorium being imposed by RBI shortly before it merged into OBC.

The acquisition brought with it 103 branches, which increased OBC's branch total to 1092.

OBC (Oriental Bank of Commerce)

It offers a wide range of banking products and services such as deposit accounts, loans, debit cards, credit cards (with tie up with SBI), Insurance products, ATMs, Internet banking, Mobile Banking, Self-banking halls, call centre, etc.


The Chairpersons (CMD) of the bank were as under:

Name Period

Karam Chand Thapar 1946 to 1961
L. M. Thapar 1961 to 1969
R. P. Oberoi 1973 to 1976
M. K. Vig 1976 to 1983
P. S. Gopalakrishnan 1984 to 1988
S. P. Talwar 1988 to 1990
S. K. Soni 1990 to 1996
Dalbir Singh 1996 to 2000
B. D. Narang 2000 to 2005
K. N. Prithviraj 2005 to 2007
T. Y. Prabhu August 2009 to January 2011
Nagesh Paidah January 2011 to February 2012
S.L. Bansal March 2012 to September 2014
Sh. Animesh Chauhan December 2014 to Present (as Managing Director and Chief Executive Officer of the bank)
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