Estimated reading time: 3 minutes
What is the OBC full form?
The OBC is an acronym whose important full forms are “Other Backward Classes” and “Oriental Bank of Commerce”. In this article, we are going to discuss the OBC full form in detail. The details about the “Other Backward Classes” and “Oriental Bank of Commerce are given below:
OBC = Other Backward Classes
The term Other Backward Classes is a collective word used for the classification of socially or educationally disadvantaged persons or communities by the government of India.
The government of India used several classifications for the population representation of various castes along with Scheduled Tribes (ST), General, and Scheduled Caste (SC). The OBC is entitled to 27% of the reservation in higher education and public sector employment.
In the year 1980 on the basis of the Mandal Commission report, there were 52% of the Indian population was classified under the OBC and after the National Sample Survey in 2006 the OBC population was determined to be 41% of the total Indian population.
For the welfare of the OBC population, Article 340 of the Indian Constitution made it obligatory for the Indian government to promote the welfare of the OBC’s.
OBC = Oriental Bank of Commerce
Oriental Bank of Commerce is a Punjab National Bank subsidiary, and the headquarter of the Oriental Bank of Commerce is located in Gurugram, Haryana. The Oriental Bank of Commerce was founded in the year 1943 in Lahore Pakistan by Sunil Kumar Pal and after the partition of India and Pakistan, the office was shifted to the Amritsar.
In the year 2019 in August, the merger of the bank was announced by the finance minister and in the year 2020 with the United Bank of India, it was merged in the Punjab National Bank (PNB) and making PNB the second largest public sector bank of India.
Also Read: NSA Full Form | What is NSA?