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.
