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10 Public Sector Banks (PSBs) Merged into 4 PNB UBI Canara Indian Bank in India 2019

Public Sector Banks Merged in India 2019. 10 public sector banks to be merged into 4 i.e, PNB, Union Bank of Bank, Canara Bank, Indian Bank.

When a government have major holding in a particular bank stake i.e more than 50% then we call that bank as Public National Bank. Today in India we have 12 Public Sector Banks along with one payments bank which is owned by central government.

Here payment bank have 100% of government holding. Even though it got license in 2015 it registered in 2016. This is started with the aim of utilizing the post offices all over India. It started with 650 branches. As of now it has captured one and half crore customers.

Usually these public sector banks will be listed in Stock Exchanges. This was all started in 1955 when government thought of getting into banking sector by nationalizing Imperial Bank of India. Then after, it changed its name into State Bank of India. After that 7 other state banks also merged into it, in 1959. In the same pace share public sector banks have been increased in banking industry throughout the period. Until 2019 there are 8 banks in the list of Public National Bank. They are Bank of Baroda (63.74%), Bank of India (87.0535%), Bank of Maharashtra (87.01%), Central Bank of India (88.02%), Indian Overseas Bank (91%), Punjab & Sind Bank (79.62%), State Bank of India (61.00%) and UCO Bank (93.29%). Here % indicates government share holdings.

Merged Public Sector Banks
10 public sector banks to be merged into 4 PSBs

Finance Minister Nirmala Sitaraman on August 30th 2019 had made a huge announcement that other 4 banks are going to be consolidated into Public National Bank in the near future.

Merged Public Sector Banks (PSBs) in India 2019

Details of that 4 banks Recently Merged as Public Sector Banks (PSBs) in India are:

  • Punjab National Bank with 70.22% government shareholding, Oriental Bank of Commerce with 77.23% government shareholding and United Bank of India with 92.25% government shareholding will now become Punjab National Bank.
  • Union Bank of India with 67.43% government shareholding, Andhra Bank with 84.83% government shareholding and Corporation Bank with 84.96% government shareholding will now become Union Bank of India.
  • Indian Bank with 81.73% government shareholding and Allahabad Bank with 79.41% government shareholding will merge together and become as Indian Bank.
  • Canara Bank with 72.55% government shareholding and Syndicate Bank with 81.23% government shareholding will together form as Canara Bank.

Now we can say this as 10 different banks merge together and became 4 banks that are:

  1. Punjab national Bank
  2. Union Bank of India
  3. Indian bank
  4. Canara Bank

Before these merges of 10 into 4 banks, 27 banks altogether merged as 12 banks. After so many permutations and combinations about the feasibility of the banks these decisions have been made.

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Change or Reset OBC Bank MPIN for Existing Customers, OBC Net Banking Password Change

How to change or reset OBC Bank MPIN for Existing Customers. Oriental Bank of Commerce Login Password Change or create new password. Create new OBC Bank Login username and password..,

Along with net banking, mobile banking also became more popular and most used banking products. Mobile banking is nothing but an application that helps to access the banking services with just one tap. One of the popular banks in public sector is Oriental Bank of Commerce which was started in 1943. From then onwards it is increasing its customer base by increasing the services offered. In order to stabilize the customer base Oriental Bank of Commerce has introduced Mobile banking and made available its mobile application in play store from November 24th 2016. From then onwards it made several updates by using latest technology. Read the article completely to know more about OBC Bank Mobile banking application and password setting.

OBC Bank MPIN Change
OBC Bank MPIN Change/ Resert

The main features of OBC Mobile banking are e statement, instant bill payments, locating nearby OBC ATM’s, downloading Loan certificates, Transferring money through NEFT and RTGS and many more. The application can be accessed in 5 different languages and can also apply for demat account from the application itself. Overdraft facility for fixed deposit can be availed through this mobile application. One can view the Mobile pass book and even download it in the device. Requesting of new cheque book also can be done. Changing of ATM pin number can also be done from your mobile application itself. Transferring funds from one account to another account throughout day and night i.e 24*7.

With the ease of banking transactions through mobile application OBC mobile application has also made the security stronger by adding another layer of protection called MPIN. Anyone who knows the Mobile password can access the Mobile application in order to reduce the misusage of the Mobile application MPIN has been introduced. This is just like a mobile password which is unique for Mobile bank application. Whenever the application is opened the Password should be entered. For every transaction also MPIN is required. In order to protect your Mobile banking application one needs to change the MPIN frequently.

Steps to Change or Reset OBC Bank MPIN

  • First go to OBC Bank Net banking page and then select Retail user login.
  • Then you will be directed to new page where you will be asked to enter user id. If you are a new user select register now link.
  • To register you need to enter Account and Pan Card number or Date of birth.
  • Click on verify and you will be able to get the user I’d and password to use the mobile banking.
  • If you forget the password then enter your login I’d and press forget password.
  • Now registered mobile number and Date of birth should be entered.
  • An OTP will be sent to registered mobile number and by entering that OTP you will be able to enter your new password that you want to set.

Hoping that the article is helpful and information about the OBC Bank MPIN reset process.

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Axis Bank Net Banking, New User Registration Process at axisbank.com

Axis Bank Net Banking, New User Registration Process at axisbank.com. Axis Bank Internet Banking Login Procedure. How to Reset Login Password in Axis Bank.

Online net banking is a process where the financial transaction’s takes place electronically. Now a day’s, it has become a major part in banking system. People always wanted to do the tasks at very ease and this online net banking made possible for all financial transactions. Through net banking we can do many things like checking the bank balance, recent transactions information, send money to other account and even changing of ATM pin. All the banks are also providing the online banking facility. People slowly stopped going to banks and started doing all the transactions in the online itself.

Axis Bank Net Banking Online
Axis Bank Net Banking

In order to do the online banking one has to have online banking login ID and Password. For that Registration has to be done as he/she is a new user. Let us see how this goes on for axis Bank.

Please find the process for New User Registration at axisbank.com

Axis Bank Net Banking & New User Registration Process

Once you get into the axis bank online banking website you will be asked to enter login ID and Password, below that you will find “First time user? Register”. Please click on the link then you will direct to another page.

  • Enter Account Details: While opening the axis Bank account, bank will provide cheque book and welcome letter. In Welcome letter you will find the Customer Id. Fill the Id in the login I’d tab. If you are unable to track your welcome letter you can sent an SMS to 5676 782 as CustIDCC1234 (last 4 digits of CC from your registered number.
  • Enter User Information: keep your account number, ATM card details ready as you need to enter the details here.
  • Enter details: In this you need to enter some details related to Axis Bank account. Once this is done you will be directed to page where you can set the password.
  • Set New Password: Here you can set the password for the net banking for further use of net banking. Password should have at least one letter in Capital case and at least one should be in small case and one special character should be included. Password length should be between 8 to 13 characters.

Once the password is set you can use the Axis bank net banking by directly entering your login ID i.e customer ID and the password that you have set recently. Hope you have clearly understood the registration process for net banking at Axis Bank website.