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    • 1st day of April 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.
      www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=49590

      Press Releases - Reserve Bank of India

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  3. www.pnbindia.in › AmalgamationAmalgamation of OBC and UBI into PNB - Punjab National Bank

    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.

  4. www.moneycontrol.com › news › businessPunjab National Bank to merge with OBC, United Bank to form ...

    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...

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  6. www.businesstoday.in › industry › banksUBI, PNB, OBC bank merger: Logo, name of new entity to be ...

    Feb 9, 2020 · The Centre will soon announce the new name and logo of the entity to be emerged after the merger of Punjab National Bank (PNB) United Bank of India (UBI) and Oriental Bank of Commerce...

  7. www.rbi.org.in › Scripts › BS_PressReleaseDisplayPress Releases - Reserve Bank of India

    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.

  8. economictimes.indiatimes.com › industry › bankingMerged entity of PNB, Oriental Bank of Commerce and United ...

    Oct 2, 2019 · The merger is expected to come into force from April 1 next year. Pradhan said that while PNB’s and UBI’s respective administrative structures are more compliance oriented, OBC follows a vertical structure which is more business focussed.

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  9. www.hindustantimes.com › business-news › pnbPNB, Oriental Bank and United Bank to be merged: FM Nirmala ...

    In a major development, the government on Friday announced merger of Oriental Bank of Commerce and United Bank with Punjab National Bank.

  10. economictimes.indiatimes.com › industry › bankingAll branches of Oriental Bank of Commerce, United Bank of ...

    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.