Bank Merger News: These days some such news are coming out on social media, in which it is being said that three big banks of India are going to be merged. If these news are true then every person having an account in these banks will have to read this news very carefully. These are not small or big banks like that but big banks like PNB, SBI.

Which banks are named?
According to reports, three banks are included in this list. One is PNB i.e. Punjab National Bank, SBI i.e. State Bank of India and the third is Canara Bank. All these three banks are included among the big banks of the country. Not only this, SBI is the largest government bank. However, now the truth of these news has also come to light. Before trusting such news, know about their truth here.

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What is the truth of the news?
Now the government agency PIB has revealed the truth of these news going viral. In fact, recently PIB Fact Check has clearly declared this news false by sharing a post through its official X (Twitter) account. He has shared a screenshot of this news and has clearly written FAKE on it.

An image circulating on social media platforms falsely claims that the Government has approved the merger of Punjab National Bank (PNB), Canara Bank, and State Bank of India (SBI).#PIBFactCheck

This claim is #FAKE.

The Government of India has NOT approved any proposal… pic.twitter.com/0A7gJZznHT

— PIB Fact Check (@PIBFactCheck) June 29, 2026

Highlighting the truth of this news, PIB has written in the caption along with the photo, ‘A photo is going viral on social media in which it is wrongly claimed that the government has approved the merger of Punjab National Bank (PNB), Canara Bank and State Bank of India (SBI). This claim is #FAKE.

this is the truth
Further stating the truth, the agency wrote, ‘The Government of India has not approved any proposal for merger of PNB, Canara Bank and SBI. The picture going viral is fabricated and is not related to any real newspaper or official information of the government. For correct information always visit the official website of RBI: http://rbi.org.in.

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Apart from this, an appeal has been made by the agency to report any suspicious information related to the Government of India on PIB Fact Check. Besides, its mobile number and email have also been shared.

PNB Digital Credit Card Launch: Punjab National Bank (PNB) has signed an agreement with fintech company Kiwi to make digital payments easier for its about 18 crore customers. Kiwi is known as a credit-on-UPI platform. The aim of this initiative is to provide credit facility to the customers also through UPI. So that the method of payment can become more convenient for the customers.

Under this, the bank will launch PNB Kiwi Credit Card on RuPay network. Through this, customers will be able to make payments through UPI even if they do not have bank balance. Let us know about this.

Easy to use, plus cashback

This card will be completely digital and will be easily connected to UPI. Due to which payment will become much easier. Along with this, 0.5 to 1.5 percent cashback will also be available on online transactions. That means users will get the benefit of cashback along with convenience.

fee free digital card

This card will be issued completely digitally. That means customers will be able to apply for it online while sitting at home. There is not much paperwork to apply. Due to which the process will become easier and faster.

The most important thing is that there will be neither any joining fee nor any annual fee on this card. Due to which it becomes more convenient for the common people.

Preparation to increase access to rural areas

Bibhu Prasad Mahapatra, Executive Director of Punjab National Bank, says that digital payments are increasing rapidly in the country. UPI is playing an important role in this. He told that the bank has a strong network of more than 10,000 branches across the country. Of which about 60 percent are in semi-urban and rural areas. Through this network, the bank is trying to provide formal credit facility to those people who have been away from it till now.

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PNB Update: If your account is in Punjab National Bank (PNB) then this update is going to be very important for you. The bank has issued an important update for its customers. In which it has been said that some bank accounts will be closed.

According to the bank, from April 16, such accounts can be closed which are inactive for the last three years or in which no transaction has taken place. Let us know about this update of the bank.

Danger of closure on these accounts

The bank can take action on such accounts which are not in use for a long time. Such accounts in which no transaction has taken place for the last three years and whose balance is also zero. Apart from this, accounts which are already in inactive mode can also come under this scope.

Regarding e-KYC, the bank has said that it should be completed under any circumstances. If a customer does not complete his e-KYC, his account may be closed. That means, the accounts of such customers who are not following the rules will be closed.

How to avoid action?

If you want that your account is not closed, then first of all you should go to the bank and complete e-KYC. For this you can complete the process by visiting your nearest Punjab National Bank branch. Also, do not forget to take important documents with you while going to the bank. Along with e-KYC, it is also important to deposit some money in the account, so that your account does not remain a zero balance account.

Why did the bank take this step?

There are many such accounts with the bank in which no transaction has taken place for a long time. Besides, the balance of those accounts is also zero. Such accounts are considered more risky from the point of view of fraud. This is the reason why the bank has decided to close these accounts. So that possible fraud can be prevented.

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Earlier many banks considered withdrawing cash using UPI in ATM as a separate transaction, but now in the new rule it will be added to your free monthly limit. Banks like HDFC Bank and Punjab National Bank (PNB) have announced these new rules.

In such a situation, if you withdraw cash from ATM more times than the free transaction limit given by the bank, then the bank will charge you a fee of up to Rs 23 for every extra transaction. Till now this bank provides the facility to withdraw cash from its ATM 5 times a month for free. For ATMs of other banks, the facility to withdraw free cash is given 3 times in metro cities and 5 times in non-metro cities.

Easy cash withdrawal from UPI

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Anil Ambani: The Central Bureau of Investigation (CBI) has registered another case against industrialist Anil Ambani and his company Reliance Communications Limited (RCom) in Mumbai. The Central Investigation Agency has taken this step after the complaint of Punjab National Bank (PNB). On March 5, PNB has accused Anil Ambani, RCom and a former director of the company of fraud of more than Rs 1085 crore.

What did the bank say in the complaint?

According to the complaint, the alleged fraud caused a combined loss of approximately Rs 1085.19 crore to PNB and United Bank of India (now merged into PNB). This FIR has been registered on the basis of the complaint of Santoshkrishna Annavarapu, Chief Manager of Stressed Assets Management Branch of PNB in ​​Mumbai.

According to the complaint, the accused allegedly conspired to obtain a credit facility for Reliance Communications and later diverted or misappropriated the loan money. Ambani, Reliance Communications Limited and its former director Manjari Ashok Kakkar have been made accused in this case.

Big revelation made in investigation

PNB alleged that between 2013 and 2017, the accused knowingly hatched a criminal conspiracy to defraud the bank and wrongfully obtain credit facilities. The loan was not used for the purpose for which it was taken. These were used for companies linked to them and for fake transactions.

The investigation also revealed that the accounts books of the company were manipulated to mislead the bank and hide the irregularities. PNB said that the forensic audit conducted by BDO India LLP revealed misuse of funds and violation of rules. After this, in February 2021, the bank declared these accounts as ‘fraud’. Recently, on the complaint of Bank of Baroda, CBI had also registered a case of fraud of Rs 2220 crore against Anil Ambani and his associated companies.

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If you are dreaming of working in a bank and have completed graduation, then a great opportunity has come for you. Punjab National Bank (PNB), one of the largest public sector banks of the country, has announced recruitment for thousands of posts. This is a golden opportunity for the youth who want to make a career in the banking sector.

PNB has recruited a total of 5138 posts under apprenticeship. The online application process for this recruitment has started. Interested and eligible candidates can apply within the due date. It has been clearly stated by the bank that applications will be accepted only through online medium.

When can you apply?

The application process for this recruitment has started from 8 February 2026 and candidates can fill the online form till 24 February 2026. Therefore, all the candidates who want to apply should not wait for the last date and fill the form on time.

What is the educational qualification?

The candidate must have passed graduation from a recognized university or institute. The graduation result should be declared before 31 December 2025. This opportunity is especially for those youth who have recently completed their studies and want to gain experience in the banking sector. Its minimum age is 20 years and maximum age is 28 years. Candidates belonging to reserved category (SC/ST/OBC etc.) will be given age relaxation as per government rules.

How many posts will be recruited

A total of 5138 posts will be filled in different states and union territories of the country. Category wise distribution of posts includes General 2383 posts, OBC 1110 posts, EWS 464 posts, SC 887 posts and ST 294 posts.

what will be the application fees

While filling the form, candidates will have to deposit the fees as per their category. Applications will not be accepted without fees. General/OBC/EWS (Male) will be Rs 944, General/OBC/EWS (Female) Rs 708 and SC/ST/Divyang will be Rs 236. According to some information, a fee of Rs 472 has also been mentioned for disabled candidates, so please see the official notification for the correct fee.

How to apply?

1. official website bfsissc.com Go to.

2. Go to the Employment Opportunities section on the home page.

3. Select Apprentice and then PNB option.

4. Click on the application link.

5. Register by clicking on Login 1st time.

6. Fill all the requested information correctly.

7. Deposit the fees as per your category. Submit the form and take a printout for future reference.

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Punjab National Bank: Shares of Punjab National Bank (PNB) will be in focus on Monday as the bank reported a loan fraud of Rs 2434 crore in its regulatory filing after the market closed on Friday, December 26. The bank has also informed the Reserve Bank of India (RBI) about this. This case of loan fraud is related to two companies – SREI Equipment Finance Limited (SEFL) and SREI Infrastructure Finance Limited (SIFL).

In the information given to the exchanges, the bank said that SREI Equipment Finance Limited (SEFL) has committed fraud of Rs 1,240.94 crore and SREI Infrastructure Finance Limited (SIFL) has committed fraud of Rs 1,193.06 crore. That means both these companies have not yet repaid the money taken from the bank by taking loan. However, PNB clearly said that it has made 100 percent provisioning for the outstanding amount of both the loans. It has also been told in the filing that these companies have been resolved by the National Company Law Tribunal (NCLT) under the Corporate Insolvency Resolution Process (CIRP).

Punjab National Bank shares

PNB shares were already under pressure on Friday, closing at Rs 120.35, down 0.50 per cent from the previous closing price of Rs 120.95 on BSE. PNB shares have remained strong for a long time. It has increased by about 13 percent in the last six months and by 17 percent year-on-year in 2025. Technical indicators show that the stock is currently trading in the neutral zone. According to Trendline data, the Relative Strength Index (RSI) is at 50.8, while the Money Flow Index is at 55.4. Both indicators indicate that the stock is in the mid-range – neither overbought nor oversold.

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PSU Bank Merger: The number of government banks in the country is going to reduce even further. The government is merging small government banks with big banks. The purpose of doing this is to create one big bank instead of small banks, which will improve their working capacity. The government wants that the number of banks should be reduced, but it should emerge as a strong entity so that the financial sector can be reformed, the scope of loans can be increased, the balance sheet and operations can also be improved. In this sequence, preparations are now in full swing to merge six more small government banks.

Which banks are included in the list?

Six small public sector banks like Indian Overseas Bank, Central Bank of India, UCO Bank, Bank of India, Bank of Maharashtra, Bank of India and Punjab and Sindh Bank can be merged with SBI, Bank of Baroda, PNB, Canara Bank or Union Bank. All these six banks are on the radar for the next phase of consolidation.

What was the suggestion of NITI Aayog?

Earlier, a NITI Aayog report had suggested that the government privatize or restructure small banks like Central Bank of India and Indian Overseas Bank. The country’s think tank believes that the Indian government should keep some large public sector banks, including Punjab National Bank (PNB), Bank of Baroda (BoB), Canara Bank, or State Bank of India. Whereas the remaining small government banks can either choose the option of privatization or merger or the government stake in them can be reduced.

According to reports, Indian Overseas Bank can be merged with SBI or PNB. PNB or BoB can take over Central Bank of India. Either SBI or BoB can take over Bank of India. Bank of Maharashtra can be merged with PNB or BoB.

Earlier the merger of these banks took place

Earlier, between 2017 and 2020, 10 small government banks were merged into 4 banks, due to which the number of government banks in the country reduced from 27 in 2017 to 12. State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore and Bharatiya Mahila Bank were merged into State Bank of India.

Whereas Oriental Bank of Commerce and United Bank of India were merged into Punjab National Bank. Dena Bank and Vijaya Bank were merged with Bank of Baroda. Syndicate Bank was merged into Canara Bank. Whereas Andhra Bank and Corporation Bank were merged into Union Bank of India and Allahabad Bank was merged into Indian Bank.

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New Rules From 1st December: With the beginning of the month of November, there are going to be changes in many important things related to common people. These changes will have a direct impact on your pocket – be it banking, taxation, or government documents. Let us know in detail about these major changes coming into effect from November 1 –

1. New fee system for SBI cardholders

From November 1, SBI credit card users will have to pay additional charges on some transactions. If education related payments (like school/college fees) are made through third party apps like CRED or MobiKwik, there will be an additional charge of 1%. Also, if you load more than ₹ 1,000 into a digital wallet (like Paytm or PhonePe) from SBI card, then 1% charge will have to be paid on that too.

2. Big change in Aadhar card update charge

UIDAI has given relief regarding Aadhaar card update of children. Biometric update of children will now be completely free (for the next one year). For adults, a fee of Rs 75 will be charged for updating name, address, date of birth or mobile number. There will be a charge of Rs 125 for fingerprint or eye scan (biometric update). Plus, you can now update some basic details — like name, date of birth or address — without uploading any documents.

3. New GST slabs will be applicable

The government is going to implement major changes in the GST structure from November 1. The old four slabs (5%, 12%, 18%, and 28%) have been simplified and converted into two slabs. Now 12% and 28% slabs have been removed. Also, up to 40% GST will now be imposed on luxury and harmful items. The aim of the government is to make the GST structure simple and transparent.

4. New rules for bank nomination

The rules related to nomination for bank accounts have been changed from November 1. Now maximum four nominees can be made for one account, locker or safe custody. The process of adding or changing a nominee has been made easier and online than before. This will make it easier for the family to access funds in emergency situations.

5. Deadline for shifting from NPS to UPS extended

Relief news for central employees – Employees who want to shift from National Pension System (NPS) to Unified Pension Scheme (UPS) have now been given time till November 30. This additional time will give employees the opportunity to review and plan their options.

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India has demanded extradition from Belgium to bring Mehul Choksi to the country in the case of Punjab National Bank’s Rs 12,000 crore scam. This includes things like adequate food, 24 hours medical facilities and clean hygiene.

66 -year -old vigil was arrested in April in Antwerp, Belgium. His lawyers say that they have serious health problems, including cancer, so it can be difficult to keep them in custody.

Arrangement will be made to stay in jail

The Ministry of Home Affairs said that the vigil will be kept in Barrack No. 12 of Arthur Road Jail in Mumbai. Prison facilities will include thick cotton mattress, pillow, sheets and blankets. A metal or wood bed can also be given if medical needs.

The weather of Mumbai is hot-water, so heating is not required in the cell. The food will be given three times and the needs of special diet will be met after medical approval.

These facilities will be available in jail

Fruits and snacks are available in the gel canteen. Exercise facilities are available at an open space daily and material for indoor games, badminton, yoga, meditation, library and studies will also be available.

The jail hospital has six medical officers, nursing staff, pharmacists and lab support. There is a fully equipped medical facility with 20 beds. If needed, the vigil will be shown from a specialist doctor in a nearby government hospital.

Detail plan sent to Belgium Court

All these details have been shared to show the Belgium Court that the custody of vigil in India will be according to international human rights standards. Such assurances are common in the extradition process.

Recently, foreign officials also visited Tihar Jail, where they reviewed the security of the prisoners, food and living situation. British officials also recently inspected the Tihar Jail.

Significantly, the situation of jails has been an important issue for a long time. The British courts have several times formed India’s prison conditions to dismiss extradition petitions.

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