Punjab National Bank's (PNB) board is going to consider capital infusion of up to Rs 18,000 crore in its meeting scheduled to be held on September 05. It comes against the backdrop of the government's announcement about merging 10 public sector banks into four entities, as part of which PNB will merge Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with itself.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
