United Bank of India informs about amalgamation

31 Aug 2019

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, United Bank of India has informed that the Bank has received a communication dated August 30, 2019 from Ministry of Finance, Government of India stating that the Alternative Mechanism (AM) after consultation with Reserve Bank of India has decided that Punjab National Bank, Oriental Bank of Commerce and the Bank may consider amalgamation of the Bank and Oriental Bank of Commerce into Punjab National Bank. Accordingly, a meeting of the Board of Directors to consider the amalgamation will be convened by the Bank in due course. The submission is under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 

The above information is a part of company’s filings submitted to BSE.

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