Oriental Bank  

Rashi Verma, a class 10 student from Lucknow after clearing an online quiz will now be witnessing the historic moment of Chandrayaan-2 landing on Moon’s surface on September 7. Prime Minister Narendra Modi will also witness the historic moment. The woman who had accused BJP leader Chinmayanand of sexual harassment has been found in Rajasthan. A team of Uttar Pradesh police traced her and picked her up this morning when she was with a friend. Catch the top stories of the day on MyNation in 100 seconds.
 

Finance minister announced major merger of public sector banks (PSB). Since 2017, the number of public sector banks has come down from 27 to 12. Here is the list of PSBs merged since 2017.

The Reserve Bank of India has imposed fine on Allahabad Bank, Bank of Maharashtra, Bank of Baroda, Bank of India, Indian Overseas Bank, United Bank of India and Oriental Bank of Commerce Bank for violating norms on current account opening
 

Bhushan Steel chairman Sanjay Singhal and his wife are accused of diverting funds of Rs 2,348 crore from the account of Punjab National Bank, Oriental Bank of Commerce (Kolkata), IDBI Bank (Kolkata) and UCO Bank (Kolkata) to the accounts of different firms, including some shell companies. 

The fraud case, according to the sleuths, resulted in a loss of Rs 2,348 crore (approx) for the lending banks/financial institutions/govt exchequer