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Merger Of 8 PSU Banks Comes Into Effect From April 1: Here’s All You Should Know And Do

Eight PSU Banks namely Vijaya Bank, Corporation Bank, Andhra Bank, Syndicate Bank, Oriental Bank of Commerce, United Bank of India,Allahabad Bank and Dena Bank will see merger coming into effect from April 1, 2021. So, if you are a customer of ...

PNB Unveils New Logo For Merger With OBC And United Bank Of India

Punjab National Bank (PNB) has revealed its new logo as it gears up to be officially merged with United Bank of India and the Oriental Bank of Commerce (OBC) with effect from 1 April. The new logo bears the distinct features ...

Syndicate Bank Loans To Get Cheaper; Bank Cuts MCLR Across Tenures

State-run Syndicate Bank has reduced its MCLR rate across tenures by 5 basis points. 1 bps is one-hundredth of a percentage point. The new rates will come into effect from July 15. In a statement, the bank said, the one-year MCLR ...

OBC Bank Slashes 1-Year MLCR Rate To 8.7%

On Tuesday, the public sector bank Oriental Bank of Commerce said it has cut its one-year MCLR or marginal cost of funds based lending rate by 5 basis points to 8.7%. In a regulatory filing, the bank said it has revised ...

Govt Mulls Over Merging PNB, OBC And Andhra Bank: Report

As per the report by leading daily, after announcing the merger of 3 state-run banks namely BOB, Vijaya and Dena Bank, government by the end of this year is likely to announce another PSU Bank merger. This time the three ...

Government bank shares fall as new scam involving Dena Bank, OBC surfaces

Close on the heels of the Chairman of Syndicate Bank being arrested on bribery charges involving corporates in India, another scam involving government owned banks has surfaced. According to reports in the DNA, the Union Finance Ministry has unearthed a ...

OBC now offers the highest deposit rates among PSU banks

Oriental Bank of Commerce (OBC) has revised its deposit rates upwards and now becomes the only PSU bank to offer interest rate as high as 9.75 per cent per annum. The Bank has revised its interest rates from today March ...

Comparison of Home loan rates in India

Home loan rates have been revised by some of the banks and housing finance companies in the recent past. And, as a small change in home loan rates holds immense significance for borrowers, here is a comparison of home loan rates of different financial institutions. {photo-feature}...

Union Bank, PNB cut base rates;OBC ups deposit rates

Making home and auto loans cheaper, Punjab National Bank and Union Bank of India today cut their minimum rates of lending or the base rates by 0.25 percent each to 10.25 percent, following the Reserve Bank cutting its key rates two ...

IDBI, OBC slashes home loan interest rates

IDBI, Oriental Bank of Commerce on Thursday, slashed interest rate on home loans by up to 0.25%. IDBI Bank has decided to reduce its floating and fixed interest rates on housing loans. The revised rates will come into effect from September ...

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