Punjab National Bank
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Apr 1, 2020 · The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from April 1, 2020. The merger will create the second largest nationalized bank of the country both in terms of business and branch network.
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On 30 August 2019, Finance Minister Nirmala Sitharaman announced that the Oriental Bank of Commerce and United Bank of India (UBI) would be merged with Punjab National Bank (PNB). The proposed merger would make PNB the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$220 billion) and 11,437 branches.
Mar 6, 2020 · Outcome of Board Meeting - Share Exchange Ratio pursuant to Scheme of Amalgamation of Oriental Bank of Commerce (OBC) and United Bank of India into Punjab National Bank (PNB) notified on 04thMarch, 2020 and Intimation of Record Date
Mar 28, 2020 · The scheme comes into force on the 1st day of April 2020. Consequently, all branches of Oriental Bank of Commerce and United Bank of India will function as branches of Punjab National Bank from April 1, 2020.
Aug 30, 2019 · The government on Friday announced the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank of India to create the second-largest bank in the country, after State...
Aug 30, 2019 · Finance Minister Nirmala Sitharaman today announced a mega consolidation drive, the biggest of which was the plan to merge Oriental Bank of Commerce and United Bank with Punjab National Bank.
Apr 1, 2020 · State-owned Punjab National bank on Wednesday said all nation-wide branches of United Bank of India and Oriental Bank of Commerce has started functioning as PNB branches.
