By Our Correspondent
BHUBANESWAR: FS&CW and Cooperation Minister Atanu Sabyasachi Nayak on Monday inaugurated new accommodation of OSCB Cuttack Road Branch at Laxmi Sagar Chhaka here in City.
Sanjiv Kumar Chadha , Secretary Cooperation & Administrator OSCB , Gopabandhu Satpathy MD OSCB, Udhab Chandra Majhi, Registar Cooperative Societies , other departmental Officers and bank employees were present during the inaugural ceremony were present.
This Cuttack Road Branch, initially functioning as market extension counter from 1996 was upgraded to a full-fledged branch from 01.05.2003 as per RBI licence as “Cuttack Road Branch”. The branch was functioning in a rented accommodation and today has got its Own accommodation in ESSEN CITY CENTRE.
The OSCB came in to existence in the year 1948 licenced by RBI and is a scheduled Bank. Presently it has 14 branches. Out of which 7 in Bhubaneswar , 2 in Cuttack and One each in, Angul, Paradeep,Rourkela , Sambalpur and Berhampur.
The total working capital of the bank as on 31 March 2022 is Rs 21320.40 crore with a net profit of 143.13 crore earned during the financial year 2021-22. The total deposit base of the bank is 10355.32 crore by this time. The bank is earning profit since its inception.
