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PNB seeks IRDAI forbearance for paring stake in Canara HSBC OBC Life

New Delhi, Feb 3 () State-owned Punjab National Bank is seeking IRDAI forbearance on cutting down s…

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CBI books Hyderabad-based infra firm IVRCL for defrauding eight public banks for ₹4,837 crore

He said that in the complaint, it was alleged that the borrower company represented by its D…

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Canara Bank 'cheated' of Rs 174.89 Cr: CBI searches premises of Punjab Basmati Rice Ltd in Amritsar

New Delhi, Jul 2 () The CBI carried out searches on Thursday at the premises of Punjab Basmati Rice…

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Canara Bank 'cheated' of Rs 174,89 Cr: CBI searches premises of Punjab Basmati Rice Ltd in Amritsar

The searches took place at the premises of the company office and accused directors Kulwinder Singh…

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Govt gives two-year extension to Union Bank of India MD

With the extension of the term, he will continue as the MD of the bank till the superannuation - th…

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Merged PSBs to ensure no disruption to credit flow, enhanced customer experience: FinMin

Following the merger, Punjab National Bank will become the country's second largest bank, with bus…

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RBI authorises Union Bank to undertake primary dealership business departmentally from Apr 1

"This is pursuant to the amalgamation of Corporation Bank into Union Bank in terms of the amalgama…

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India needs 4-5 more SBI sized banks, says Nirmala Sitharaman

India needs a lot more banks and a lot more large sized ones to meet the growing needs of the count…

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PNB, Union Bank get in-principal nod from govt for proposed merger

New Delhi, Nov 18 () Punjab National Bank and Union Bank of India on Monday said they have received…

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Amalgamation of 10 PSBs into 4 from April 1: FM Sitharaman

"Sticking to the April 1, 2020 deadline, banks are fully on board. The Cabinet may have given the …

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Union Bank creates new organisational structure with 18 zonal offices

Post the amalgamation, Union Bank has become the fifth largest public sector bank. It now has more …

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Govt unlikely to announce capital infusion for PSU banks in Budget

New Delhi, Jan 5 () The government is unlikely to announce capital infusion for the public sector b…

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Merger process major challenge for PSBs in near future: SBI chief

The four new set of proposed mergers included Punjab National Bank, Oriental Bank of Commerce and …

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Mega bank merger marks new dawn for Indian banking space: FinMin

"We don't foresee any problem it is going as per the plan. We have reviewed in the light of this s…

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Banks' merger to come into effect from Apr 1, says Sitharaman

United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank; Syndic…

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Allahabad Bank into sunset after getting merged with Indian Bank

She also said all the deposit and loan products,including access to Indian Bank's emergency credit …

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PNB says no proposal for changing bank's name

"We have requested Finance Minister that the name of the new bank to be created after amalgamation…

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Allow co-operative, pvt, foreign banks employees to use suburban trains as well: Unions

There are limitations on carrying capacity for the buses run by the Brihanmumbai Electric Supply an…

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Govt closely monitoring coronavirus impact on economy: FM

Last year in August, the government announced merger of 10 public sector banks into four. United Ba…

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