Oriental Bank Of Commerce

The National Commission observed that the nominee is the rightful claimant under a policy, hence there was no merit in the objection that she couldn't file a complaint

ATM deployments had hovered between 225,000 and 235,500 units, before sniffing the 260,000-mark recently

PSU Bank merger: You'll have to take stock of your cheque books, passbooks, IFCS, ECS mandates and other things once you start dealing with the new entity

The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank

The Government of India currently holds 85.59 per cent stake in the bank.

While UBI posted a net loss of around Rs 6,700 crore in the quarter ending March 2020 (Q4FY20), OBC logged a net loss of around Rs 2,700 crore, an executive said, requesting anonymity.

The integration of the core banking solution platform would take slightly longer time as the merged entity had an older version of this platform, PNB chief said

The lender reported a net loss of Rs 697 crore in Q4FY20 before completing the amalgamation process, as it posted a second continuous quarterly loss.

On April 1, Punjab National Bank (PNB) took over Oriental Bank of Commerce (OBC) and United Bank of India (UBI) to become the country's second-largest lender after SBI in terms of business

PNB also has a tie up with Life Insurance Corporation of India (LIC) for selling its products through the bank's branches

The government provided Rs 16,091 crore to PNB and Rs 1,666 crore to United Bank of India in September for enhancing the capital base of these two lenders

The ecosystem is favourable to us because of the developments over the last two months. Therefore, we will have to work in converting that confidence into business relationships, says Rao

According to the banks, they have either put the sessions on hold or are opting for e-learning instead of classroom sessions.

The consultancy or advisory firm will conduct assessment of core business opportunities and work towards a holistic operating model review.

Banks likely to set up common call centres and monitoring cells

Why did the Reserve Bank have to take the moratorium route to sew the deal? Why now?

Sitharaman said the RBI and the government had been closely monitoring YES Bank since 2017

Way back in 2004, the crisis-ridden Global Trust Bank was merged with the Oriental Bank of Commerce by the Reserve Bank of India

Punjab National Bank (PNB), Oriental Bank of Commerce, and United Bank of India will combine to form the nation's second-largest lender

The Centre will soon announce the new name and logo of the entity to be emerged after the merger of Punjab National Bank (PNB) United Bank of India (UBI) and Oriental Bank of Commerce (OBC), an official said on Friday. The new entity will be the second largest bank in the country after State Bank of India (SBI) with a total business volume of Rs 18 lakh crore, he said. "The government is expected to announce the new name and logo of the merged bank which will become operational from April 1, 2020," an UBI official told PTI. He said logo is very important for creating an identity of the new lender and discussions on this aspect have been taken place at the highest level of the three state-run banks. The official also said the 34-odd committees, formed by the three banks for standardisation and harmonisation of procedures, have already submitted their reports to the respective boards of the lenders. "Consultant Ernst & Young (E&Y), which has been appointed by the ..