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Oriental Bank of Commerce gets in-principle approval for amalgamation with PNB

19 Sep 2019 Evaluate

Oriental Bank of Commerce has received in-principle approval for amalgamation of the Bank and United Bank of India into Punjab National Bank (PNB) and commencement of the amalgamation process, subject to all applicable approvals.

The Board of Directors of the Bank in its meeting held on September 18, 2019, approved the same.

Oriental Bank of Commerce is a commercial bank. The Bank operates in four segments: treasury operations, corporate/wholesale banking, retail banking and other banking business operations.

Peers
Company Name CMP
State Bank Of India 954.00
PNB 109.90
Bank Of Baroda 231.75
Canara Bank 118.50
Union Bank Of India 168.00
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