Seven merged banks to see cheque book changes from 1 April
From 1 April, 2021, cheque-books and passbooks of over half a dozen banks which went through a merger will become invalid. Continue Reading
oriental bank of commerce
UBI, OBC branches start functioning as Punjab National Bank
State-owned Punjab National bank today said all nation-wide branches of United Bank of India and Oriental Bank of Commerce has started functioning as PNB branches. Continue Reading
Banks: Why strike call & why it was withdrawn
Officers’ unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretary Rajiv Kumar to look into their concerns. Continue Reading
‘PNB, UBI & OBC merger to benefit stakeholders’: Official
Allaying apprehensions of stakeholders, United Bank of India MD and CEO Ashok Kumar Pradhan said there will be ‘no retrenchment’ of human resource of the three banks or no voluntary retirement scheme (VRS) will come in the process of merger of these state-run lenders. Continue Reading
Bank employees protest against government’s merger move
Members of the All India Bank Employees’ Association on Saturday staged a protest here against the Centre’s decision to merge 10 public sector banks into four entities. Employees of all public and private sector banks wore black badges to work as a mark of protest to the government’s decision. Continue Reading