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Kolkata, March 27 Oriental Bank of Commerce aims to achieve a business mix of about Rs 2 lakh crore by March 2010 with a special focus on rural and semi-urban areas, according to the bank’s Chairman and Managing Director, Mr Alok K. Misra.

The bank’s business currently stands at Rs 1.6 lakh crore with 1,401 branches across the country. The bank plans to take its network up to 1,500 branches, Mr Misra said at the inauguration of the bank’s first branch in Shillong. The branch was inaugurated by the Meghalaya Governor, Mr Ranjit Shekhar Mooshahary, on Thursday.

OBC has seven branches in the north-eastern region and plans to open four more in the next one year. The bank, he said, laid special emphasis on agriculture, micro, small and medium enterprises, education and housing sectors. “In the coming years, we will focus largely on rural and semi-urban areas for driving our business growth,” he said.

The bank plans to open a representative office in Dubai on March 30.

More Stories on : Public Sector Banks | Oriental Bank of Commerce

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