Punjab National Bank gets Govt’s approval for proposed amalgamation

19 Nov 2019 Evaluate

Department of Financial Services, Ministry of Finance’s Alternative Mechanism (AM) has accorded in principle approval to proposed amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank (PNB) with PNB as the transferee bank and Oriental Bank of Commerce and United Bank of India as transferor bank(s).

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.

PNB Share Price

124.35 1.60 (1.30%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
SBI 752.60
Bank Of Baroda 264.20
PNB 124.35
Canara Bank 581.90
Union Bank Of India 153.45
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