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Oriental Bank Of Commerce
Business  /  Published 25.08.20

PNB allays layoff fears

PNB managing director and CEO S.S. Mallikarjuna Rao on Monday assured that that there will be no layoffs because of the merger of Oriental Bank of Commerce and Union Bank of India with the bank. &ldq...
By Our Special Correspondent in New Delhi

Business  /  Published 29.06.20

PNB to sell real estate

PNB has no plans to sell its non-core assets, including subsidiaries, in the current financial year, managing director of the bank S. S. Mallikarjuna Rao said. However, the bank intends to sell some ...
By PTI in New Delhi

Business  /  Published 01.09.19

Bad loan cloud over bank mergers

The success of the mega bank mergers announced last week would depend on how the lenders manage their bad loans, analysts said.On Friday, Union finance minister Nirmala Sitharaman had announced the am...
By Our Special Correspondent in Mumbai

Business  /  Published 31.08.19

PNB board gears up for merger

Punjab National Bank on Saturday said its board will meet on September 5 to consider the merger of Oriental Bank of Commerce and United Bank of India with itself.In a regulatory filing, the bank said ...
By Our Special Correspondent in New Delhi

Business  /  Published 30.08.19

10 PSU lenders combine to form 4 giant entities

The government on Friday announced four separate mergers of public sector banks in which 10 lenders will combine to form a quartet of new entities, with the aim to create world-class banks with strong...
By R. Suryamurthy in New Delhi

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Business  /  Published 20.08.19

SBI dangles festive bait to borrowers

The State Bank of India (SBI) on Tuesday tried to usher in the festive mood by announcing attractive and cheaper loans with benefits such as a waiver in processing fees, pre-approved digital loans and...
By Our Special Correspondent in Mumbai

Business  /  Published 31.01.19

RBI weak bank tag off PSU trio

The Reserve Bank of India (RBI) on Thursday took three state-owned lenders out of the prompt corrective action (PCA) framework, lifting lending restrictions on the bank trio and providing some relief ...
By Our Special Correspondent in Mumbai

Business  /  Published 27.12.18

Recap bond prop for seven banks

The government plans to release Rs 28,615 crore soon to a clutch of seven weak state-run banks through recapitalisation bonds.Sources said Bank of India would get the largest share of Rs 10,086 crore,...
By Our Special Correspondent in New Delhi

Business  /  Published 05.03.20

Swap ratios for PSU bank mergers fixed

Eight public sector banks on Thursday announced the share-swap ratios for their proposed mergers, a day after the Union cabinet approved the consolidation effective from April 1, 2020.In an announceme...
By A Staff Reporter in Calcutta

Business  /  Published 14.09.19

Bank trio to retain SLBC role

The merged entity of Punjab National Bank, Oriental Bank of Commerce and United Bank of India will retain the role of the State Level Bankers’ Committee in five states and one union territory, inclu...
By A Staff Reporter in Calcutta


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