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  • PNB gets stock exchanges' nod to trade over 266 crore shares post merger with 2 other PSBs Apr 14, 2020 05:00 PM IST

    PNB gets stock exchanges' nod to trade over 266 crore shares post merger with 2 other PSBs

    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.

  • All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branches Apr 01, 2020 12:38 PM IST

    All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branches

    The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from April 1, 2020.

  • Punjab National Bank announces share exchange ratio for merger with Oriental Bank, United Bank Mar 05, 2020 05:44 PM IST

    Punjab National Bank announces share exchange ratio for merger with Oriental Bank, United Bank

    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.

  • New name, logo of merged entity of UBI, PNB, OBC to be unveiled soon: Official Feb 07, 2020 09:29 PM IST

    New name, logo of merged entity of UBI, PNB, OBC to be unveiled soon: Official

    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.

  • OBC requests FinMin to give new name for merged entity: CEO Feb 05, 2020 08:45 AM IST

    OBC requests FinMin to give new name for merged entity: CEO

    "This is an amalgamation of equals," the bank's Chief Executive Officer and Managing Director Mukesh Kumar Jain told PTI in an interview here.

  • Oriental Bank Standalone December 2019 Net Interest Income (NII) at Rs 1,322.12 crore, down  6.81% Y-o-Y Jan 24, 2020 01:52 PM IST

    Oriental Bank Standalone December 2019 Net Interest Income (NII) at Rs 1,322.12 crore, down 6.81% Y-o-Y

  • OBC Q3 profit jumps 39.11% to Rs 201.66cr Jan 23, 2020 03:50 PM IST

    OBC Q3 profit jumps 39.11% to Rs 201.66cr

    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.

  • Oriental Bank cuts MCLR for various tenors by up to 0.15% from January 10 Jan 09, 2020 07:45 PM IST

    Oriental Bank cuts MCLR for various tenors by up to 0.15% from January 10

    The bank has decided to reduce the MCLR for different tenors with effect from January 10, 2020, it said in a regulatory filing.

  • Market Headstart: Nifty seen opening flat; Biocon, Mindtree top buys Oct 11, 2019 08:09 AM IST

    Market Headstart: Nifty seen opening flat; Biocon, Mindtree top buys

    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.

  • 34 functional teams to smoothen merger of UBI, PNB, OBC Oct 02, 2019 12:29 PM IST

    34 functional teams to smoothen merger of UBI, PNB, OBC

    The merger is scheduled to come into force from April 1 next year.

  • Govt appoints Mallikarjuna Rao as MD and CEO of PNB Oct 01, 2019 09:50 PM IST

    Govt appoints Mallikarjuna Rao as MD and CEO of PNB

    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.

  • OBC to offer retail, small biz loan products linked with repo from October 1 Sep 20, 2019 08:10 AM IST

    OBC to offer retail, small biz loan products linked with repo from October 1

    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

  • Punjab National Bank to merge with OBC, United Bank to form India's 2nd largest PSB Aug 30, 2019 05:54 PM IST

    Punjab National Bank to merge with OBC, United Bank to form India's 2nd largest PSB

    The consolidated bank will have the second largest branch network in India hereafter, with 11,437 branches.

  • RBI imposes fine of Rs 1.5 crore on Oriental Bank of Commerce Aug 03, 2019 05:50 PM IST

    RBI imposes fine of Rs 1.5 crore on Oriental Bank of Commerce

    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.

  • Oriental Bank Standalone June 2019 Net Interest Income (NII) at Rs 1,371.62 crore, up  2.54% Y-o-Y Jul 22, 2019 03:00 PM IST

    Oriental Bank Standalone June 2019 Net Interest Income (NII) at Rs 1,371.62 crore, up 2.54% Y-o-Y

  • Oriental Bank of Commerce cuts MCLR by up to 10 bps Jul 10, 2019 12:55 PM IST

    Oriental Bank of Commerce cuts MCLR by up to 10 bps

    Earlier this week, RBI Governor Shaktikanta Das said he expects faster transmission of the three successive repo rate cuts totalling 75 basis points.

  • Over Rs 2.05 lakh crore frauds in 11 years: ICICI Bank, SBI and HDFC among top victims Jun 12, 2019 02:15 PM IST

    Over Rs 2.05 lakh crore frauds in 11 years: ICICI Bank, SBI and HDFC among top victims

    Some of the foreign banks operating in India also reported fraud cases worth crores during the last 11 fiscal years.

  • OBC slashes one-year MCLR by 5 bps to 8.70% Jun 11, 2019 07:35 PM IST

    OBC slashes one-year MCLR by 5 bps to 8.70%

    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.

  • Oriental Bank of Commerce cuts MCLR by 0.10% for various tenors Jun 11, 2019 11:25 AM IST

    Oriental Bank of Commerce cuts MCLR by 0.10% for various tenors

    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.

  • Oriental Bank Standalone March 2019 Net Interest Income (NII) at Rs 1,473.49 crore, up  34.6% Y-o-Y May 13, 2019 02:49 PM IST

    Oriental Bank Standalone March 2019 Net Interest Income (NII) at Rs 1,473.49 crore, up 34.6% Y-o-Y

  • Oriental Bank of Commerce allots 13.89 cr shares to govt following capital infusion Mar 27, 2019 04:59 PM IST

    Oriental Bank of Commerce allots 13.89 cr shares to govt following capital infusion

    Earlier in January, the government had infused capital in OBC, following which RBI removed the lender from its prompt corrective action (PCA) framework.

  • ICRA upgrades outlook on PNB, BoI, 2 other lenders Mar 14, 2019 10:05 PM IST

    ICRA upgrades outlook on PNB, BoI, 2 other lenders

    Following infusion of capital in these banks, their financial health improved leading RBI to remove them from Prompt Corrective Action (PCA).

  • SBI, Oriental Bank put on sale stressed accounts to recover dues of Rs 5,740 crore Feb 10, 2019 12:21 PM IST

    SBI, Oriental Bank put on sale stressed accounts to recover dues of Rs 5,740 crore

    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.

  • Merger of PSBs: Not aware of any specific consolidation proposal, says FM Piyush Goyal Feb 07, 2019 04:05 PM IST

    Merger of PSBs: Not aware of any specific consolidation proposal, says FM Piyush Goyal

    This clarification comes on the back of a media report which said the government is planning to merge PNB, OBC and Punjab & Sind Bank.

  • Is there another change in the prompt corrective action framework? Feb 02, 2019 12:53 PM IST

    Is there another change in the prompt corrective action framework?

    While Oriental Bank of Commerce has been removed from PCA, RBI has clarified that the government has infused sufficient capital in the entity, bringing net NPA to less than 6 percent.

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