Oriental Bank Of Commerce
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From October 1, Cheque Books Of These 2 Banks Won't be Valid
From October 1, 2021 onwards, the existing cheque books of Oriental Bank of Commerce (OBC) and United Bank of India (UBI) will be discontinued.
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4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect
The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...
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Mega Merger Of State-Run Banks Comes Into Force From April 1, Says RBI
As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and Corporation banks into Union Bank of India.
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Government Appoints Mallikarjuna Rao As Chief Executive Officer Of PNB
The government in August merged United Bank of India and Oriental Bank of Commerce with Punjab National Bank, making the proposed entity the second largest public sector bank (PSB).
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No Erosion In Asset Quality Post United Bank, Oriental Bank Merger: PNB
Under the consolidation, the three banks will be merged into one entity to make the second-largest PSB with a business of Rs 17.95 lakh crore and 11,437 branches.
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Punjab National Bank Merged Entity To Become Operational From April 1
The lenders said that there will no retrenchment of staff in the merged entity.
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Oriental Bank Reveals Loan Exposure To Nirav Modi, Mehul Choksi
The Oriental Bank has now issued notices declaring the duo and their companies as 'Willful Defaulters' for varying loan amounts, totaling to around Rs 289 crore, at their large corporate branch, Cuffe Parade in Mumbai.
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PNB Shares Rise Over 3% After Moody's Upgrade
PNB share: On August 30, Finance Minister Nirmala Sitharaman announced that PNB will be merged with Oriental Bank of Commerce (OBC) United Bank.
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State-Run Banking Shares Slump After Mega Merger Announcement
The Nifty PSU Bank Index was down 3.2 per cent underperforming the benchmark Nifty which was down 1 per cent.
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PNB's Board To Meet Soon On Merger With Oriental Bank, United Bank
The bank has received a communication from the Ministry of Finance that the alternative mechanism after consultation with Reserve Bank of India (RBI) has decided that Punjab National Bank, Oriental Bank and United Bank may consider amalgamation, it said in a regulatory filing on Saturday.
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"Bank Mergers Create Value If Executed Well": Uday Kotak On Government's Mega Merger Plan
The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs.17.95 lakh crore, Finance Minister Nirmala Sitharaman said on Friday.
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12 State-Run Banks Instead Of 27 In Government's Mega Mergers: 10 Things To Know
State-run banks will be merged to form a dozen strong lenders, Finance Minister Nirmala Sitharaman announced on Friday. The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs. 17.95 lakh crore, "1.5 times the size of Punjab National Bank". Three mo...
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PNB Likely To Take Control Of Allahabad Bank, 2 Other Public Sector Banks: Report
The government is seeking to consolidate the nation's debt-burdened state banking sector.
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Centre Hopes All Banks To Be Out Of RBI's Corrective Action Norms By June
The government took three banks - Bank of India, Bank of Maharashtra and Oriental Bank of Commerce - out of the PCA list last month.
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Bank of Maharashtra, 2 Other State-Run Lenders Taken Off RBI Watchlist
A RBI panel has removed Bank of India, Oriental Bank of Commerce and Bank of Maharashtra from its prompt corrective action plan list.
-
From October 1, Cheque Books Of These 2 Banks Won't be Valid
From October 1, 2021 onwards, the existing cheque books of Oriental Bank of Commerce (OBC) and United Bank of India (UBI) will be discontinued.
-
4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect
The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...
-
Mega Merger Of State-Run Banks Comes Into Force From April 1, Says RBI
As per the scheme, Oriental Bank of Commerce and United Bank of India will be merged into Punjab National Bank; Syndicate Bank into Canara Bank; Allahabad Bank into Indian Bank; and Andhra and Corporation banks into Union Bank of India.
-
Government Appoints Mallikarjuna Rao As Chief Executive Officer Of PNB
The government in August merged United Bank of India and Oriental Bank of Commerce with Punjab National Bank, making the proposed entity the second largest public sector bank (PSB).
-
No Erosion In Asset Quality Post United Bank, Oriental Bank Merger: PNB
Under the consolidation, the three banks will be merged into one entity to make the second-largest PSB with a business of Rs 17.95 lakh crore and 11,437 branches.
-
Punjab National Bank Merged Entity To Become Operational From April 1
The lenders said that there will no retrenchment of staff in the merged entity.
-
Oriental Bank Reveals Loan Exposure To Nirav Modi, Mehul Choksi
The Oriental Bank has now issued notices declaring the duo and their companies as 'Willful Defaulters' for varying loan amounts, totaling to around Rs 289 crore, at their large corporate branch, Cuffe Parade in Mumbai.
-
PNB Shares Rise Over 3% After Moody's Upgrade
PNB share: On August 30, Finance Minister Nirmala Sitharaman announced that PNB will be merged with Oriental Bank of Commerce (OBC) United Bank.
-
State-Run Banking Shares Slump After Mega Merger Announcement
The Nifty PSU Bank Index was down 3.2 per cent underperforming the benchmark Nifty which was down 1 per cent.
-
PNB's Board To Meet Soon On Merger With Oriental Bank, United Bank
The bank has received a communication from the Ministry of Finance that the alternative mechanism after consultation with Reserve Bank of India (RBI) has decided that Punjab National Bank, Oriental Bank and United Bank may consider amalgamation, it said in a regulatory filing on Saturday.
-
"Bank Mergers Create Value If Executed Well": Uday Kotak On Government's Mega Merger Plan
The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs.17.95 lakh crore, Finance Minister Nirmala Sitharaman said on Friday.
-
12 State-Run Banks Instead Of 27 In Government's Mega Mergers: 10 Things To Know
State-run banks will be merged to form a dozen strong lenders, Finance Minister Nirmala Sitharaman announced on Friday. The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs. 17.95 lakh crore, "1.5 times the size of Punjab National Bank". Three mo...
-
PNB Likely To Take Control Of Allahabad Bank, 2 Other Public Sector Banks: Report
The government is seeking to consolidate the nation's debt-burdened state banking sector.
-
Centre Hopes All Banks To Be Out Of RBI's Corrective Action Norms By June
The government took three banks - Bank of India, Bank of Maharashtra and Oriental Bank of Commerce - out of the PCA list last month.
-
Bank of Maharashtra, 2 Other State-Run Lenders Taken Off RBI Watchlist
A RBI panel has removed Bank of India, Oriental Bank of Commerce and Bank of Maharashtra from its prompt corrective action plan list.
