Punjab National Bank (PNB) has unveiled a new logo as it merges with United Bank of India and OBC with it, with effect from April 1. The new logo will bear distinct signages of all the three public sector lenders. With this, PNB is set to become the second largest lender in the country.“#PunjabNationalBank is here with #OrientalBankofCommerce & #UnitedBankofIndia in an all new avatar. Be a part of the #TogetherForTheBetter journey with us and experience a smoother and smarter way of banking,” PNB said in a tweet on Monday.Assuaging concerns regarding the merged entity, PNB also said there is no reason to worry as the three banks are coming together to be better, bigger and stronger….
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Category: Oriental Bank of Commerce
Chanda Kocchar, ex-boss of ICICI Bank, among 11 booked for cheating
NEW DELHI: Former CEO and MD of ICICI Bank Chanda Kochhar seems to be in trouble again.Kochhar, along with 10 others, including ICICI Bank and Oriental Bank of Commerce (now Punjab National Bank), have been booked for allegedly cheating a private company by verifying a fake document.The case dates back to 2009. After a protracted legal battle of more than a decade, the Patiala House Court on December 9 directed Delhi Police to register a case and begin the investigation.Subsequently, the Economic Offence Wing on December 20 registered an FIR under various IPC sections, including cheating and criminal conspiracy, against ICICI Bank, Kochhar, Sandeep Bakshi (CEO & MD of ICICI Bank),…
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Delay In Remitting Premiums Is Not Consumers’ Responsibility, Kolkata District Commission Holds Oriental Bank Of Commerce And Oriental Insurance Co. Liable
The District Consumer Dispute Redressal Commission Kolkata Unit-III bench comprising Sudip Niyogi (President) and Monihar Begum (Member) held Oriental Bank of Commerce and Oriental Insurance Company Limited liable of deficiency in service for falsely repudiating a valid insurance claim, based on delay in remitting the premiums. The bench directed them to disburse Rs. 66,790/-…The District Consumer Dispute Redressal Commission Kolkata Unit-III bench comprising Sudip Niyogi (President) and Monihar Begum (Member) held Oriental Bank of Commerce and Oriental Insurance Company Limited liable of deficiency in service for falsely repudiating a valid insurance claim, based on delay in …
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Canara HSBC Oriental Bank of Commerce Life Insurance Pension4life
New Delhi: Canara HSBC Oriental Bank of Commerce Life Insurance has unveiled Pension4life Plan, an annuity product designed to provide financial independence to retired individuals, those near retirement or earlier.Under this plan, the customer gets a wide range of annuity options in exchange for a purchase price. The customer will get as many as 7 annuity options to choose from allowing them to lead a hassle-free life. Customers can also have a joint life plan. The plan also offers flexibility to opt for the reverse mortgage option with banks or the option of availing annuity for NPS (National Pension Scheme) subscribers. There are 7 annuity Options under the plan which include…
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pnb: PNB withdraws divestment process in Canara HSBC Life Insurance
Punjab National Bank (PNB) on Wednesday announced that it will discontinue the process of divestment in associate company Canara HSBC Life Insurance, the company stated in a regulatory filing. “The Exchange is hereby informed that on account of recent IRDAI Notification dated 05.12.2022 on IRDAI (Registration of Indian Insurance Companies) Regulations, 2022, the Board of Directors of the Bank in its meeting held on 28.02.2023, has accorded approval for withdrawal of the process for divestment of Bank’s stake in Canara HSBC Life Insurance Co. Ltd. The Bank shall hold its stake in the Company as an investor, subject to regulatory approvals,” the press release stated.The city-headquartered…
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CBI Court Sentences 9 Including Chief Manager To Rigorous Imprisonment In Oriental Bank Of Commerce Fraud Case
The Special Judge, CBI Cases, Indore (Madhya Pradesh), has sentenced S/Shri NK Grover, then Chief Manager of Oriental Bank of Commerce, Sneh Nagar Branch, Indore, to undergo five years of Rigorous Imprisonment with a total fine of Rs. 99,000/-. Kailash Yadav, Proprietor of M/s Vyankateshwar Traders, Indore, is to undergo five years of RI with a fine of Rs. 15,000/-. Mohan Yadav (a private person) is sentenced to undergo five years of RI with a total fine of Rs. 90,000/-. Sandeep Yadav, Proprietor of M/s Madhav Traders, Indore, will undergo five years of RI with a fine of Rs. 15,000/-.
Details of punishment awardedManmohan Yadav, Proprietor of M/s Shrinath Traders,…
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Chanda Kocchar, ex-boss of ICICI Bank, among 11 booked for cheating
NEW DELHI: Former CEO and MD of ICICI Bank Chanda Kochhar seems to be in trouble again.Kochhar, along with 10 others, including ICICI Bank and Oriental Bank of Commerce (now Punjab National Bank), have been booked for allegedly cheating a private company by verifying a fake document.The case dates back to 2009. After a protracted legal battle of more than a decade, the Patiala House Court on December 9 directed Delhi Police to register a case and begin the investigation.Subsequently, the Economic Offence Wing on December 20 registered an FIR under various IPC sections, including cheating and criminal conspiracy, against ICICI Bank, Kochhar, Sandeep Bakshi (CEO & MD of ICICI Bank),…
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Chanda Kocchar, ex-boss of ICICI Bank, among 11 booked for cheating
Chanda Kocchar, ex-boss of ICICI Bank, among 11 booked for cheating
By Ujwal Jalali| Express News Service | Published: 28th December 2023 08:00 AM
Image used for representational purpose.
NEW DELHI: Former CEO and MD of ICICI Bank Chanda Kochhar seems to be in trouble again.Kochhar, along with 10 others, including ICICI Bank and Oriental Bank of Commerce (now Punjab National Bank), have been booked for allegedly cheating a private company by verifying a fake document.The case dates back to 2009. After a protracted legal battle of more than a decade, the Patiala House Court on December 9 directed Delhi Police to register a case…
Read More…