PNB, OBC, UBI MERGER: NO EMPLOYEE WILL BE SACKED SAYS PNB MD & CEO RAO

Highlights

• The merger of Oriental Bank of Commerce (OBC), Punjab National Bank (PNB) and United Bank of India came into effect from April 1, 2020

• The MD & CEO SS Mallikarjuna Rao said there will be no retrenchment of employees due to the merger of the OBC, UB...

Yes BANK’S MORATORIUM TO BE LIFTED ON WEDNESDAY BY EVENING 6.00

Highlights:

• Yes Bank notified
• By Wednesday moratorium ends at 6.00 pm
• New board of directors to be formed
• Former CFO and MD of MD of SBI to be the CEO of the board

Post the Finance minister’s information about the notifica...

Mergers going through

The finances of the nation are a significant concern and these concerns have risen substantially when the PNB scandal and some other bank frauds were discovered which caused some considerable outrage and criticism of the banks as well a the regulation of the government concerning these banks as t...