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Oriental Bank of Commerce gets Govt’s approval for proposed amalgamation

21 Nov 2019 Evaluate

Department of Financial Services, Ministry of Finance communicating that 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, with Punjab National Bank as the transferee Bank and Oriental Bank of Commerce and United Bank of India as transferor Bank(s).

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 1080.50
PNB 143.00
Bank Of Baroda 273.55
Canara Bank 131.00
Union Bank Of India 203.00
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