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Punjab National Bank

13 Sep 2021

Cheque Books of THESE 2 Banks to become invalid from October 1

eOBC and eUNI cheque book discontinued. Cheque book invalid from 1.10.2021. Replace your old cheque book.

09 Sep 2021

PNB alert! Chequebooks of THESE Banks will not work from next month

Old chequebooks of the account holders of the two banks will be of no use starting from October 2021. Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank. The merger took effect on 1 April 2020.

29 Apr 2021

Bank customers alert! Stop using old IFSC codes of THESE banks

All the old IFSC codes are discontinued and the new codes are being granted by the anchor banks. Oriental Bank of Commerce, United Bank of India, Syndicate Bank, Andhra Bank, Corporation Bank and Allahabad Bank customers will face the issue. Account-holders of all the above banks should start sharing the new IFSC codes.

Punjab National Bank

30 Mar 2020

Punjab National Bank launches new logo as it merges with UBI, OBC

With this, Punjab National Bank is set to become the second-largest lender in the country.

United Bank of India

28 Dec 2018

Govt infuses Rs 2159 crore in United Bank of India

The Finance Ministry had informed the bank about the capital infusion on Wednesday (December 26), United Bank of India said in a regulatory filing.

United Bank of India

13 Dec 2018

United Bank of India raises deposit rates by 0.25%

The interest rate for fixed deposits between 1-3 years will increase to 6.25 percent from 6 percent.

United Bank of India

13 Sep 2018

United Bank of India increases MCLR by 5 basis points

The one-year MCLR has been increased to 8.85 percent from 8.80 percent.

Enforcement Directorate

15 Mar 2018

ED registers case in alleged Rs 173 crore fraud in UBI

The CID had arrested three senior employees of the Kolkata-headquartered bank in this case in June last year.

08 Mar 2018

SBI, IFCI, United Bank scout for buyers to clear off Rs 16,349 crore dud accou

SBI has asked the bidders to submit expression of interest by March 9, 2018 and further to complete the due diligence by March 22.

United Bank of India

01 Mar 2018

CBI files FIR against ex-UBI chairman over disproportionate assets

The former UBI chairman, according to news agency ANI, has been charged with acquiring disproportionate assets worth Rs 3.6 crore.

public sector banks

06 Aug 2017

12 PSU banks firming plans to raise funds from markets

Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.

Finance Ministry

23 Apr 2017

Finance Ministry in talks with PSBs to get a fix on growth plans, funding

The finance ministry has initiated detailed discussions with select public banks to assess their growth blueprint over the next three years and seek turnaround plans to check if they need more growth capital.

public sector banks

17 Mar 2017

Govt approves second tranche of capital infusion in PSU banks

The government has approved the second tranche of capital infusion in public sector banks to enhance their capital base.

03 Feb 2017

Merger of weak PSU banks can be a possibility: UBI CEO

Merger of weak public sector banks cannot be ruled out in a run up to meet Basel III norms, a top bank official said today.

United Bank of India

05 Jan 2017

United Bank of India slashes lending rate by up to 0.90%

Public lender United Bank of India slashed its benchmark lending rate by up to 0.90 percent, joining others such as State Bank of India, ICICI Bank, HDFC Bank and Punjab National Bank.

27 Dec 2016

Mayawati says money in BSP bank accounts legal, accuses BJP of working with vendetta

Bahujan Samaj Party chief Mayawati on Tuesday attacked the BJP government at the Centre, a day after the Enforcement Directorate detected cash deposits totalling over Rs 104 crore in an account belonging to her party and Rs 1.43 crore in another belonging to party her brother, Anand.

Enforcement Directorate

26 Dec 2016

Enforcement Directorate finds more than Rs 100 crore in BSP account; Mayawati's brother also under scanner

The ED on Monday detected cash deposits totalling over Rs 104 crore in an account belonging to the BSP.

21 Oct 2016

Vijay Mallya case: Debt Recovery Tribunal raps banks for casual approach

Terming GoAir and Indigo as "innocent" third parties, the Debt Recovery Tribunal has rapped banks for filing interim applications in a "casual and routine manner" to make them party to the Vijay Mallya case.

United Bank of India

23 Sep 2016

UBI receives Rs 608 cr capital infusion from govt

State-owned United Bank of India (UBI) said it has received Rs 608 crore capital infusion from the government.

15 Sep 2016

CBI books United Bank ex-CMD for corruption

The CBI on Thursday registered a case against former Chairman and Managing Director (CMD) of United Bank of India Archana Bhargava for abusing her official position in 2011 and 2013.

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