Banking

Oriental Bank of Commerce (OBC) and United Bank of India will be merged into Punjab National Bank, (Mint)

Merger of 10 public sector banks to come into effect from tomorrow: 10 points

1 min read . 11:15 AM IST
Banks are currently focusing on cash withdrawals, cheque clearing, remittances and government transactions. (AP)

Banks prepare blueprint to cater to increased demand

3 min read . 12:50 AM IST
The legal process for merger of PNB, OBC and UBI is over.

Punjab National Bank unveils new logo ahead of merger

1 min read . 30 Mar 2020
Bank of Baroda has immediately transmitted interest rate changes announced by the Reserve Bank of India to its customers. (Reuters)

Bank of Baroda cuts repo-linked lending rate by 75 bps

1 min read . 30 Mar 2020
Union Finance Minister Nirmala Sitharaman. (PTI)

ATMs working, banks ensuring their branches are open: Nirmala Sitharaman

1 min read . 30 Mar 2020
Investors are counting on RBI support as fears grow that the government will add to its record borrowings

Despite RBI's bazooka, Indian bond market still wants more

1 min read . 30 Mar 2020
SBI has also resorted to staggered working hours to maintain social distancing in the wake of coronavirus outbreak. (Mint)

SBI adds Covid-19 to compensation list of its employees

2 min read . 30 Mar 2020
pmcares@sbi is the correct UPI ID for collecting coronavirus funds.

SBI cautions against fake UPI ID for collecting coronavirus funds

1 min read . 09:13 AM IST
SBI has requested everyone to come together and help the nation fight this coronavirus pandemic, (Mint)

Here’s how you can contribute to coronavirus relief funds through SBI

1 min read . 30 Mar 2020
Earlier this month, SBI lowered its savings bank interest rate to 3% for all customers. (Photo: Mint)

Deposit rates may go further south as banks see surge in liquidity

2 min read . 02:25 AM IST
Photo: Mint

Union Bank expects ₹2,500 cr benefits due to amalgamation: CEO Rajkiran Rai G

3 min read . 29 Mar 2020
RBI has issued statements stating that the mega merger plan will come into affect from April (Mint)

Mega merger of PSU banks comes into force from April 1, says RBI

2 min read . 29 Mar 2020
He said the name 'Allahabad' will be retained in the new logo just below the slot for Indian Bank (Mint)

Merger process of Allahabad Bank, Indian Bank may get delayed: Official

1 min read . 28 Mar 2020
As of January-end, over ₹13 lakh crore of housing loans and ₹2 lakh crore of auto loans were outstanding, shows RBI data

RBI's 3-month moratorium: Higher interest if you defer EMI payments

3 min read . 28 Mar 2020
Finance Minister Nirmala Sitharaman (Photo: PTI)

Will speak to banks to facilitate cash flow, ensure timely access: Sitharaman

1 min read . 28 Mar 2020
SBI will pay 'one-day's salary' (Basic Pay DA) to those employees working from branch during the 21-day shutdown.

SBI employees in branches to get extra pay during 21-day lockdown

1 min read . 28 Mar 2020
The ultimate economic cost of the pandemic, its impact on supply chains and trade all remain uncertain. (Mint)
Expert View

Policy measures go beyond textbook economics in uncertain environment

3 min read . 28 Mar 2020
Reserve Bank of India

Regulator allows banks to trade in offshore rupee derivative market

1 min read . 28 Mar 2020
Rate cut is expected to boost the realty sector. (Ramesh Pathania/Mint)

Virus-hit corporates welcome RBI moves

1 min read . 28 Mar 2020
The central bank also reduced the reverse repo rate by 90bps to 4%, making it less attractive for banks to simply park money with the RBI instead of lending. (Mint )

RBI loads ₹3.74 trillion bazooka in war on coronavirus pandemic

2 min read . 28 Mar 2020

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