what is the business development bank of canada
Business Development Bank of Canada The Business Development Bank of Canada (BDC; French: Banque de DÃ©veloppement du Canada) is a federal Crown corporation wholly owned by the Government of Canada. Its mandate is to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises.[2]
Oriental Bank of Commerce On 14 August 2004, OBC amalgamated Global Trust Bank (GTB). GTB was a leading private sector bank in India that was associated with various financial discrepancies leading to a moratorium being imposed by RBI shortly before it merged into OBC. The acquisition brought with it 103 branches, which increased OBC's branch total to 1092.