Merger of State Banks are not going to solve Governance issue- Reddy

Recently on mergers of the state Bank, the former Reserve Bank Of India Governer YV Reddy said that these mergers would not solve the governance issue. And it has been a global experience that mergers are found to be ineffective in such case. At 6th SBI Banking and economic conclave he said “I won’t call … Read more Merger of State Banks are not going to solve Governance issue- Reddy

Oriental Bank Exposed its Loan Exposure to Nirav Modi-Choksi

For the first time, the public sector Oriental Bank of Commerce (OBC) has come clean on its loan exposure to the absconding diamantaires Nirav Modi and his uncle Mehul C. Choksi, here on Friday. The development comes ahead of the OBC’s upcoming merger with the Punjab National Bank (PNB) which – in February 2018 – … Read more Oriental Bank Exposed its Loan Exposure to Nirav Modi-Choksi

Allahabad Bank and PNB linked their loan products with Repo rate

Allahabad Bank and Punjab National Bank took a major step which would be a relieve for the customers. The banks have announced that they would link their loan products with the repo rate of the Reserve bank of India. On tuesday, Punjab National Bank launched PNB advantage which is a lending scheme of the bank … Read more Allahabad Bank and PNB linked their loan products with Repo rate