Why did OBC bank merged?
Amalgamation of PNB, OBC and UBI would create the country's second largest bank – both in terms of business and branch network. They collectively had a business of Rs 18 lakh crore at the end of March that originated through 11,437 branches amongst them.02-Oct-2019
After the merger of OBC and UBI banks with PNB, the MICR Code and IFSC Code will also change from April 1, 2021. That means, the account holder will no longer be able to transact with the old user ID. Additionally, if customers dont change the User ID they will also not be able to use Net Banking .02-Feb-2021
Which all banks merged with PNB?
List of Merged Banks
Synopsis. The merger of UBI and OBC into PNB will lead to the creation of the country's second largest lender after State Bank of India, an official said. "Under the given conditions, the effective functioning of the merged entity will be a big challenge.27-Mar-2020
What is the new name of OBC?
Punjab National Bank
The OBC and the United Bank of India merged with PNB on April 1, 2020. Following this merger, PNB became the country's second largest bank after the State Bank of India (SBI).09-Sept-2021
Is Oriental Bank now PNB?
Meanwhile, PNB has unveiled a new logo following the merger of United Bank of India and Oriental Bank of Commerce with it.01-Apr-2020
CEO/Managing Director, Oriental Bank of Commerce.
When did OBC merged in PNB?
April 1, 2020
1. Punjab National Bank (PNB) will take over Oriental Bank of Commerce (OBC) and United Bank of India (UBI) to become the country's largest lender after the State Bank of India (SBI) in terms of business. 4. Allahabad Bank will become part of the Indian Bank.
Which 3 banks are merged recently?
Bank of Baroda was merged with Vijaya Bank and Dena Bank. The merger took effect on 1 April 2019. SBI's associate banks and Bharatiya Mahila Bank were merged with the State Bank of India in 2017.Banks merger list 2020.
The list of nationalised banks is as follows :
Is UBI bank IFSC code changed after merger?
IT integration of both the banks have been completed without changing the Account number of customers but IFSC codes have been changed.05-Mar-2021
Recently, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India with effect from 01.04. 2020. Today, it has a network of 8,700+ domestic branches, 11,000+ ATMs, 16,100+ BC Points serving over 161 million customers with 76,600+ employees .
What is the new name of PNB after merger?
All nation-wide branches of United Bank of India and Oriental Bank of Commerce will now function as Punjab National bank (PNB) branches while all customers, including depositors, will be treated as PNB customers.01-Apr-2020
Types of OBC certificate According to g to the government, Other Backward Class certificates are OBC A and OBC B certificates. The OBC B certificate is for the creamy layer of people. The creamy layer of OBC has people earning more than eight lakhs INR per year.
What happened to Oriental Bank of Commerce shares?
Synopsis. According to the swap ratio, 1,150 equity shares of PNB are to be exchanged for every 1,000 equity shares of Oriental Bank of Commerce, while 121 equity shares of PNB are to be swapped for every 1,000 equity shares of UBI.05-Mar-2020
So both are same thing. You will be getting benefits or reservations which are given to BC or OBC category from government.
Which is better OBC A or OBC B?
OBC category is further subdivided into various categories based on Annual income and Education. OBC A is above 5to 8 lakhs families income. OBC B is between 1 to 5lakhs Income. OBC C is less than 1lakh family annual income.19-Oct-2018
OBC category is other backward class category. It refers to those Section of people who are a bit developed. They are more uplifted than SC/ST but less than general category.20-Aug-2020
Is OBC better than general?
Which is above, OBC or general? OBC are socially and educationally backward to the General category. So in social terms, in India society General is above/ treated with social respect and acceptance than OBC.
Why did OBC bank merged?