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OBC, UBI bank account holder? What will happen to your credit and debit cards, will your User ID change? EXPLAINED

OBC, UBI bank account holder? What will happen to your credit and debit cards, will your User ID change? EXPLAINED

Tue, Feb 02, 2021

Here is an important news for OBC, UBI account holders regarding their debit cards and credit cards. As Oriental Bank of Commerce (OBC) and United Bank of India (UBI) have been merged with Punjab National Bank (PNB), there are many questions troubling OBC and UNI bank customers. 

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PNB 2.0: Big amalgamation! How Oriental Bank of Commerce and United Bank of India customers will benefit

PNB 2.0: Big amalgamation! How Oriental Bank of Commerce and United Bank of India customers will benefit

Wed, Apr 01, 2020

 Here is how the amalgamation is a big win-win for Oriental Bank of Commerce and United Bank of India customers:-

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SBI, Canara Bank, 2 other public sector banks in India cut deposit, loan interest rates

SBI, Canara Bank, 2 other public sector banks in India cut deposit, loan interest rates

Sat, Feb 08, 2020

SBI or State Bank of India, Bank of India, Canara Bank and Oriental Bank of Commerce have announced to reduce the loan interest rates and deposit rates. 

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Bank strike in India: Alert! 4 lakh employees to go on two-day nationwide strike from this date

Bank strike in India: Alert! 4 lakh employees to go on two-day nationwide strike from this date

Sun, Sep 22, 2019

About four lakh bank employees will go on tow-day strike across the country on September 26 and 27 to protest against the government's decision of public sector banks' merger. 

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Get SBI loan in just 59 minutes! How State Bank of India, other PSBs are looking to empower borrowers

Get SBI loan in just 59 minutes! How State Bank of India, other PSBs are looking to empower borrowers

Tue, Jul 23, 2019

Five of the largest banks in India including State Bank of India (SBI), Union Bank of India, Oriental Bank of Commerce, Corporation Bank, Andhra Bank have joined hands to offer ‘PSB Loans in 59 Minutes‘ scheme to empower the MSMEs. 

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

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

Tue, Jun 11, 2019

State-owned Oriental Bank of Commerce has cut the marginal cost of funds-based lending rate (MCLR) by up to 0.10 per cent for various tenors with effect from Tuesday.

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Srei, Oriental Bank of Commerce ink strategic alliance to offer loans for equipment, commercial vehicle purchase

Srei, Oriental Bank of Commerce ink strategic alliance to offer loans for equipment, commercial vehicle purchase

Mon, May 27, 2019

The partnership will allow Srei Equipment and Oriental Bank of Commerce to collaborate, co-operate and widen their respective markets and customer base.

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OBC posts Rs 201 crore profit for January-March

OBC posts Rs 201 crore profit for January-March

Mon, May 13, 2019

Total income of the bank during the January-March quarter rose to Rs 5,711.92 crore from Rs 4,689.12 crore in the same quarter a year ago, OBC said in a regulatory filing.

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Directors, staff of a company fraudulently diverted Rs 2,348-cr from PNB, other banks: CBI

Directors, staff of a company fraudulently diverted Rs 2,348-cr from PNB, other banks: CBI

Sun, Apr 07, 2019

CBI on Saturday conducted searches at several locations in Delhi-NCR, Chandigarh, Kolkata  and  Orissa, at the offices of a New Delhi-based private company in a bank fraud case.

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

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

Sun, Feb 10, 2019

State-owned State Bank of India (SBI) and Oriental Bank of Commerce (OBC) have put on sale various financial accounts to recover dues of around Rs 5,740 crore. 

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Exit of BoI, BoM, OBC credit positive: Moody's

Exit of BoI, BoM, OBC credit positive: Moody's

Thu, Feb 07, 2019

"The capital injections helped the banks significantly increase their loan loss coverage and reduced their net NPL ratios below the trigger point for PCA inclusion," Moody's said.

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Ahead of Budget 2019, good news! 3 banks, Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, taken out of RBI's PCA framework

Ahead of Budget 2019, good news! 3 banks, Bank of India, Bank of Maharashtra, Oriental Bank of Commerce, taken out of RBI's PCA framework

Fri, Feb 01, 2019

"In the case of Oriental Bank of Commerce, though the net NPA was 7.15 per cent, as per the published results of  third  quarter, the government has since infused sufficient capital and  bank  has brought the net NPA to less than 6 per cent." 

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These 4 banks face investors' backlash as govt plans merger; Is consolidation really a solution?

These 4 banks face investors' backlash as govt plans merger; Is consolidation really a solution?

Mon, Jun 04, 2018

Lending has become such a fraught exercise, that each quarter PSBs have witnessed weak earnings, higher provisions and NPA.   

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With debt hitting Rs 2,244 cr mark, Moser Baer Solar assets put on block

With debt hitting Rs 2,244 cr mark, Moser Baer Solar assets put on block

Wed, Apr 25, 2018

The resolution professional for Moser Baer Solar has invited bids for assets of the renewable energy company that owes Rs 2,244 crore to eight lenders as on March 8.

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Simbhaoli shares jump 16% after company says committed to clear all dues

Simbhaoli shares jump 16% after company says committed to clear all dues

Tue, Feb 27, 2018

Shares of Simbhaoli Sugars surged over 16 per cent on Tuesday after the company said it is committed to clear its outstanding dues.

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Simbhaoli Sugar plunges 20% after CBI registers case; OBC touches 52-week low

Simbhaoli Sugar plunges 20% after CBI registers case; OBC touches 52-week low

Mon, Feb 26, 2018

Since the Rs 11,400 crore PNB fraud case has come into light, the CBI has registered seven cases in last 10 days from other banks.

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Delhi diamond exporter booked for Rs 389-cr OBC loan fraud

Delhi diamond exporter booked for Rs 389-cr OBC loan fraud

Sat, Feb 24, 2018

The CBI has booked Dwarka Das Seth International Pvt Ltd for the alleged fraud

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CBI books Delhi diamond exporter for Rs 389 crore OBC loan fraud

CBI books Delhi diamond exporter for Rs 389 crore OBC loan fraud

Sat, Feb 24, 2018

After Nirav Modi and Mehul Choksi, the CBI has booked Delhi-based diamond jewellery exporter, Dwarka Das Seth International Pvt Ltd, for the alleged bank loan fraud.

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Know more about Vikram Kothari and his modus operandi

Know more about Vikram Kothari and his modus operandi

Tue, Feb 20, 2018

Just after PNB reported around Rs 11,300 crore fraudulent transactions by diamond tycoon Nirav Modi, another scam of more than Rs 800 crore by Rotomac MD Vikram Kothari has been unraveled.

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RBI to resolve bad loans of nearly 1,500 accounts with PSBs

RBI to resolve bad loans of nearly 1,500 accounts with PSBs

Mon, Jan 08, 2018

As of September 2017, PSBs' gross non-performing assets (GNPA) stood at Rs 7.34 lakh crore.  

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