OBC launches online payment system

New Delhi, May 20: Oriental Bank of Commerce (OBC) today launched online funds transfer facility for Internet-based securities trading for its customers of Core Banking Solution branches.

The OBC signed a MoU with Delhi-based stock broker, DB (International) Stock Brokers Ltd, having membership of both NSE and BSE, for this purpose.

''Initially, 104 branches of the bank will provide this facility and later on it will be extended to all 800 CBS branches,'' OBC CMD K N Prithviraj said.

The bank reached a total business of Rs 86,600 crore as on date and a gross profit of Rs 1,192 crore in 2005-06.

UNI