Poket News

PNB, UBI & OBC forms working groups to oversee merger process

  • State-run Punjab National Bank, the anchor bank for  the merger of United Bank of India and Oriental Bank of Commerce with it, said the three lenders together  have formed 23 working groups for overseeing the  amalgamation process.
  • Last week, the board of PNB has given in-principle  approval for amalgamation of Oriental Bank of  Commerce and the United Bank of India with it.