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Full Form of OSCB, Odisha State Co-operative Bank, India

authorImageGirijesh Singh26 Oct, 2023
OSCB

The full form of OSCB is Odisha State Co-operative Bank. It is one of the Scheduled State Co-operative banks of India. Further, OSCB was  enumerated as a cooperative bank under the Orissa Co-operative Societies Act on April 2, 1948. 

As a cooperative bank, OSCB works for the credit requirements of the farm families of the state and promotes their economic upliftment. Notably, the Odisha State Co-operative Bank works under the policy guidelines of the Co-operative Societies Act of 1904. 

Similar to all the cooperative banks of the country, the OSCB is managed by the Reserve Bank of India (RBI) and works under it.  

What is OSCB? 

OSCB is an acronym for Odisha State Co-operative Bank. It is a Scheduled State Co-operative government bank located in Bhubaneswar, Odisha. 

Evidently, being a cooperative bank, the main aim of the OSCB is to cater to the financial needs of the agriculturists of the state and their families. For the fulfillment of this purpose, OSCB provides a higher rate of interest to its depositors as compared to other commercial banks. 

Notably, OSCB has a total of 14 branches dispersed in the state, with its main branch located in the capital city of Bhubaneswar. 

About the OSCB Exam 

Similar to all banks of the country, the Odisha State Co-operative Bank (OSCB) conducts banking exams for the enrollment of deserving candidates to various positions. These include exams for the posts of assistant manager Grade II, banking assistant, system manager, etc. 

Notably, the OSCB conducts the exam every year. Moreover, the common eligibility of candidates to take part in this exam is between 21 to 32 years of age. Other criteria for eligibility include: 

  1. The candidate should be a resident of the state of Odisha. 
  2. Candidates must be a graduate in any course from a recognized university and be proficient in computers. 

Further, there is a 5-year relaxation in age for SC/ST/SEBC and women candidates. 

Significantly, there are two main stages of the OSCB exam. The first stage is Preliminary, while the next or second stage is the OSCB Mains exam.  

Evidently, only candidates that pass both these stages get the chance to take the viva-voce test. Students that finally pass the viva-voce test get selected as banking personnel at the varied posts in the Odisha State Co-operative Bank (OSCB). 

It is to be noted that the interview is conducted only for the post of Assistant Manager. 

Preliminary Test: OSCB conducts the Preliminary written test as the first stage of the exam. The duration of this exam is 60 minutes (1 hour), and students have to solve a total of 100 questions from three different sections. 

These include English (30 questions), Numerical Ability (35 questions), and Reasoning Ability (35 questions). The pre-exam is a total of 100 marks. 

Mains Test: It is the second stage of the OSCB exam’s written test. There are a total of 160 questions asked from four different sections (40 questions each). This includes General and Financial Awareness in addition to English, Reasoning, and Numerical ability.

Notably, the merit list is based on the main exam. However, students must pass both these exams.   

[wp-faq-schema title=" Full Form of OSCB FAQs" accordion=1]

Is OSCB a government bank?

No. OSCB (Odisha State Co-operative Bank) is a co-operative bank in the private sector. It is one of the Scheduled State Co-operative government Banks of India. Further, OSCB works as per the policy guidelines of the Co-operative Societies Act (1904) under the Reserve Bank of India (RBI).  

Where is the main branch of the OSCB bank located?

Bhubaneswar. The main branch of the OSCB (Odisha State Cooperative Bank Ltd.) is located in Bhubaneswar, the capital district/city of Odisha. The location is Pt. JawaharLal Nehru Road/Marg, Bhubaneswar - 751001. 

What is the OSCB exam?

OSCB exam is a banking exam. The Odisha State Co-operative Bank (OSCB) conducts this exam for numerous positions in the OSCB bank. The positions include Assistant Manager Grade II, banking assistant, etc. The eligibility criteria for the OSCB exam require candidates between 21 to 32 years of age. 

Are co-operative banks government or private?

Private. Co-operative banks are private banks that come under the co-operative banks' policy guidelines of the Reserve Bank of India. The Co-operative Societies Act (1904) governs the co-operative banks of the country, such as OSCB.  Co-operative banks were mainly set up with the aim of fulfilling the credit or economic needs of farmers or agriculturists. For this reason, cooperative banks provide a higher rate of interest to depositors in comparison to other commercial banks.   

What is the function of OSCB?

Being a co-operative bank under the Reserve Bank of India (RBI), the main functions of the OSCB (Odisha State Co-operative Bank) include the guided promotion of self-help, thrift, and mutual aid among farmers or agriculturists and other persons.  This intends to promote the economic interest of its members with respect to the guiding policy principles of cooperative banks under RBI/NABARD/Government and OSCB. 
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