Mangalore : Mr T Y Prabhu, chairman and Managing Director of Oriental Bank of commerce informed that the Business Mix of the bank has increased to Rs 2,13,818 crore as on 30 September 2010 from Rs 1,84,425 crore as on 30 September 2009, registering a growth of 15.94 %  (YOY).

Speaking at the press meet held at Hotel Deepa comfort after the Customer Meet, Mr Prabhu said that the Bank has leveraged its IT capability of 100 % computerized on core banking solution platform offering an array of IT based products and other products/ services for the customers including ready kits containing Proton debit cards issued to customers at the time of opening of the account. The other facilitates are Internet banking, mobile banking and SMS alerts, Electronic Remittance facilities through RTGS/ NEFT, Sale of gold coins in 24 carat gold 999.9 fineness in 5 gm, 8 gm and 10 gm in an attractive tamper proof packing with certification as per International; Standards, he said.
The other services comprise of Online Tax payments and ticket bookings/ shopping, online education loan, Demat Services, Cash mate cards for students, he added.
The bank has also obtained ISO –27001, certification for both its Data centres at Delhi and Mumbai adopting Global Standards.
Explaining the plan for the current year, he also said that the major thrust of the Bank in the current financial year is on Agriculture, Mid- Corporate, SME, Priority Sector and Retail Credit to augment its Advances portfolio.
He said that deposits are expected to grow by more than 18 percent and advances by 20 percent in the current year, CASA deposits are targeted to grow by 30 percent, Bank proposes to open 175 branches during current financial year. It also proposes to recruit 1600 personnel including 373 specialist officers during the current financial year.