As novel coronavirus pandemic that has impacted our economy, there was a dilemma if the merger would be postponed for some time or not , the Reserve Bank of India cleared the air that the merger of 10 PSUs will still take place on the set date i.e. April 1, 2020.
Ahead of a grand merger with two banks namely United Bank of India (UBI) and Oriental Bank of Commerce (OBC) on April 1, the Punjab National Bank (PNB) has unveiled its new logo.
A masked man robbed Rs 1.5 lakh at gunpoint from Oriental Bank of Commerce in west Delhi's Tilak Nagar on Wednesday morning, after overpowering the security guard before fleeing from the spot.
The scrip gained 4.97 per cent to Rs 52.75 on the BSE. At the NSE, it rose by 5.26 per cent to Rs 52.95.
The merger is scheduled to come into force from April 1 next year.
The CBI has registered a case against the company, its chairman Gurmit Singh Mann, deputy MD Gurpal Singh and others in connection with the alleged bank loan fraud of Rs 97.85 crore.
Simbhaoli Sugars Limited is one of the largest sugar mills in the country. Gurpal Singh is the son-in-law of the Punjab chief minister.
Earlier this morning, the CBI registered a case against a Delhi-based diamond jewellery exporter for an alleged bank loan fraud to the tune of Rs 389.85 crore towards OBC. The CBI has booked Dwarka Das Seth International Pvt Ltd for the alleged fraud
This comes days after diamond billionaire Nirav Modi and his relative Gitanjali Group chief Mehul Choksi were booked for allegedly defrauding Punjab National Bank of Rs 11,400 crore.
New Delhi: The Centre today appointed the managing director and CEO of four public sector banks, while separating the post of Chairman from the post of MD and CEO.R. Koteeswaran, executive director of Bank of
Ahmedabad: Metro Link Express for Gandhinagar and Ahmedabad (MEGA), a Special Purpose Vehicle (SPV) floated by the Gujarat government to execute metro rail project here, has achieved financial closure for the first phase of the
New Delhi, May 17: State-owned Oriental Bank of Commerce (OBC) has slashed fixed deposit rates by up to 1 per cent on select maturities.The announcement comes on the heels of RBI cutting key policy rate
New Delhi, May 2: Oriental Bank of Commerce (OBC) today reported an increase of 16.24 per cent in net profit at Rs 307.94 crore for the fourth quarter ended March 31, 2013.The state-owned bank's net
New Delhi, Sep 2: State-owned Oriental Bank of Commerce (OBC) has slashed fixed deposit rates by up to 0.5 per cent on select maturities.The bank has decided to revise the interest rate downward from existing
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