close

News WrapGet Handpicked Stories from our editors directly to your mailbox

OBC

India gets ready for NextGen Banks as Centre merges banks to create mega units

  The government on Friday announced the mega-merger of 10 PSU banks into four, where the Punjab National Bank, the Oriental Bank of Commerce and the United Bank to merge become the second-largest PSB while the Canara Bank and the Syndicate Bank will amalgamate to make the fourth-largest PSU bank entity.

Aug 30, 2019, 23:32 PM IST

DNA: Non Stop News, August 30, 2019

This segment of DNA brings to you important stories of the day. Watch this video for more info.

Aug 30, 2019, 21:54 PM IST

Modi govt's mega banking reform: 10 Public Sector Banks to be merged into 4 entities

Punjab National Bank will become the second largest PSB in India with a total business of Rs 17.5 lakh crore post the merger while that of the Canara Bank and Syndicate Bank will be Rs 15.20 lakh crore.

Aug 30, 2019, 18:05 PM IST

Breaking News: BSP Chief Mayawati attacks UP Govt on adding 17 OBC castes in SC category

BSP Chief Mayawati on UP Govt adds 17 OBC castes in SC category:
It's a fraud with people belonging to these 17 castes, as they won't receive the benefits of any of the categories as UP govt will not treat them as OBCs.

Jul 01, 2019, 11:46 AM IST

DNA: Cabinet approves 10% reservation for economically backward in general category

Narendra Modi-led NDA government has decided to give ten per cent reservation in jobs and higher education for economically backward persons in the general category.

Jan 08, 2019, 01:02 AM IST

Cabinet approves 10% reservation for economically backward in general category

Narendra Modi-led NDA government has decided to give ten per cent reservation in jobs and higher education for economically backward persons in the general category.

Jan 07, 2019, 18:18 PM IST

Census 2021 will collect data on OBCs

Census 2021 will be finalised?in three years after conducting the census instead of seven to eight years now, a home ministry spokesperson said. 

Sep 01, 2018, 15:16 PM IST

Over dozen PSBs to get Rs 46K crore capital infusion this month

These banks, including SBI, PNB, Bank of Baroda, Central Bank, Union Bank and OBC, have called shareholders' meetings this month to pass the resolution to allot preferential shares to government so as to receive the capital.

Mar 09, 2018, 09:06 AM IST

Narendra Modi uses OBC card for political gains: Nana Patole

Nana Patole, who resigned on Friday from the Lok Sabha and the BJP, accused Prime Minister Narendra Modi on Saturday of using his OBC credentials for political gains.

Dec 09, 2017, 17:30 PM IST

Centre approves OBC quota in NTSE Stage II exam

Reservation for OBC students in National Talent Search Examination (NTSE)-stage II conducted by the NCERT has been approved, Union Human Resource Development Minister Prakash Javadekar said today.

Nov 01, 2017, 11:13 AM IST

Oriental Bank says under central bank 'corrective action' over bad loans

Oriental Bank is the seventh state-run lender to be put under a corrective action plan, which requires a bank to enact curbs on hiring, branch expansion and taking on new loans.

Oct 08, 2017, 10:37 AM IST

RBI begins 'corrective action' against OBC for high net NPA

The move will place various restrictions on the public sector lender including on fresh loans and dividend distribution.

Oct 07, 2017, 19:36 PM IST

Oriental Bank of Commerce lowers base rate by 0.05% to 9.45%

"This is to inform that the bank has revised the base rate from 9.50 per cent per annum to 9.45 per cent per annum with effect from 03.10.2017," Oriental Bank of Commerce said in a regulatory filing.

Sep 29, 2017, 14:03 PM IST

Oriental Bank of Commerce cuts MCLR by 0.05% for select tenors

The bank said the change of MCLR will come into effect from September 11.

Sep 08, 2017, 19:48 PM IST

Ambit of OBC 'creamy layer' extended to PSUs, financial institutions

Union Cabinet on Wednesday decided to extend the concept of creamy layer in OBC reservations to PSUs and financial institutions.

Aug 30, 2017, 19:27 PM IST

Uttar Pradesh CM Yogi Adityanath deems raising OBC creamy layer bar as a welcome move

The Union Cabinet on Wednesday increased the creamy layer ceiling for the Other Backward Classes (OBC) category to Rs 8 lakh per annum from the existing six lakh for central government jobs.

Aug 24, 2017, 14:00 PM IST

Decision to raise OBC 'creamy layer' income cap will give more power to poor: Ram Vilas Paswan

Centre on Wednesday raised the 'creamy layer' income cap in the OBC category.

Aug 24, 2017, 01:12 AM IST

Govt raises 'creamy layer' income cap among OBCs to Rs 8 lakh per annum

Arun Jaitley said on Wednesday that OBC families earning up to Rs 8 lakh per annum will not be considered in the creamy layer.

Aug 23, 2017, 18:56 PM IST

OBC plans to raise Rs 1,000 crore via Basel-III bonds

Public sector lender Oriental Bank of Commerce on Tuesday said it will raise up to Rs 1,000 crore by issuing Basel III compliant bonds on private placement basis.

Aug 22, 2017, 18:09 PM IST