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.
