as per the march 2018-2019 report, the number of branches of oriental bank of commerce in india is 1092.
as per the march 2018-2019 report, the number of branches of oriental bank of commerce in india is 1092.
as per the march 2018-2019 report, what is the number of branches of oriental bank of commerce in india?
1092
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on february 2, 1909, consolidated national bank ratified a plan to acquire the oriental bank "by allowing its shareholders to subscribe to the shares of a new institution at $150 a share." the oriental bank had closed the year prior, but had paid its depositors in full. the new institution, to be named the national reserve bank, combined aspects of both banks. a special meeting was called for february 18 for final ratification by stockholders. on february 18, 1909, the bank stockholders voted to enact the merger proposed by the directors, to take over the assets of oriental bank and merge them with consolidated, creating the national reserve bank of the city of new york. the plan increased capital of the bank from $1,000,000 to $1,200,000. at the same meeting, 23 directors were elected to the new board, including e. a. fisher and mortimer h. wagar. the bank planned to keep the consolidated name operative until march 1, 1909. on march 2, 1909, will-tarn o. allison (w.o. allison), president of consolidated national bank, was voted president of the new national reserve bank entity formed by consolidated's absorption of oriental bank's assets. thomas j. lewis and r. w. jones jr. were elected vice presidents, and george w. adams, cashier. with the merger of the reorganized oriental bank with the consolidated national bank of new york, capital was increased from $1,000,000 to $2,000,000. the national reserve bank of the city of new york formally opened its doors for business on march 8, 1909, at "the old banking quarters of the oriental bank" at 182 broadway, corner of john street in manhattan, until new facilities at the city investing building could be completed at 165 broadway. in late april 1909, the national reserve bank, formerly named consolidated national bank, opened for business in the city investing building.
national reserve bank