May 26, 2021 08:29 PM IST
With his appointment, there will be 12 directors on the board, of which, 9 will be independent directors constituting 75 per cent of the board, with two women independent directors.
- Sep 30, 2020 09:22 PM IST
A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as 'Scheduled Commercial Bank'. These six banks merged with other public sector banks (PSBs) with effect from April 1.
- Apr 14, 2020 05:00 PM IST
With the amalgamation coming to effect from the beginning of the current fiscal on April 1, 2020, PNB has now become the second largest bank in India.
- Apr 01, 2020 12:38 PM IST
The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from April 1, 2020.
- Mar 05, 2020 05:44 PM IST
The bank also said the board has fixed March 25 as the date for issuing and allotting its equity shares to the shareholders of the two other banks.
- Feb 07, 2020 09:29 PM IST
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.
- Feb 05, 2020 08:45 AM IST
"This is an amalgamation of equals," the bank's Chief Executive Officer and Managing Director Mukesh Kumar Jain told PTI in an interview here.
- Jan 24, 2020 01:52 PM IST
- Jan 23, 2020 03:50 PM IST
The bank, which is going to be merged with another state-run lender Punjab National Bank, had reported a profit of Rs 144.96 crore in October-December quarter a year ago.
- Jan 09, 2020 07:45 PM IST
The bank has decided to reduce the MCLR for different tenors with effect from January 10, 2020, it said in a regulatory filing.
- Oct 11, 2019 08:09 AM IST
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 16.5 points gain or 0.15 percent. Nifty futures were trading around 11,277-level on the Singaporean Exchange.
- Oct 02, 2019 12:29 PM IST
The merger is scheduled to come into force from April 1 next year.
- Oct 01, 2019 09:50 PM IST
Rao, 57, currently the Managing Director and Chief Executive Officer of Allahabad Bank, has been appointed to the new post up to September 18, 2021.
- Sep 20, 2019 08:10 AM IST
Interest rates on these products will directly be linked to an external benchmark, which in this case is the repo rate, the bank said in a release
- Aug 30, 2019 05:54 PM IST
The consolidated bank will have the second largest branch network in India hereafter, with 11,437 branches.
- Aug 03, 2019 05:50 PM IST
The aforesaid penalty is required to be paid within 14 days from the date of receipt of the RBI order, the state-owned lender added.
- Jul 22, 2019 03:00 PM IST
- Jul 10, 2019 12:55 PM IST
Earlier this week, RBI Governor Shaktikanta Das said he expects faster transmission of the three successive repo rate cuts totalling 75 basis points.
- Jun 12, 2019 02:15 PM IST
Some of the foreign banks operating in India also reported fraud cases worth crores during the last 11 fiscal years.
- Jun 11, 2019 07:35 PM IST
The bank has revised the marginal cost based lending rate (MCLR) for three loan tenors with effect from June 11, 2019, it said in a regulatory filing.
- Jun 11, 2019 11:25 AM IST
MCLR for one-month loan and 6-month tenor has been reduced by 0.10 percent to 8.35 percent and 8.60 percent, respectively.
- May 13, 2019 02:49 PM IST
- Mar 27, 2019 04:59 PM IST
Earlier in January, the government had infused capital in OBC, following which RBI removed the lender from its prompt corrective action (PCA) framework.
- Mar 14, 2019 10:05 PM IST
Following infusion of capital in these banks, their financial health improved leading RBI to remove them from Prompt Corrective Action (PCA).
- Feb 10, 2019 12:21 PM IST
The country's largest lender SBI has invited bids from asset reconstruction companies (ARCs) and financial institutions (FIs) to recover an outstanding of Rs 4,975 crore.