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PNB completes IT integration of all branches of OBC with itself

03 Dec 2020 Evaluate

Punjab National Bank (PNB) has completed IT integration of all branches of erstwhile Oriental Bank of Commerce (OBC) with itself. The amalgamation of Oriental Bank of Commerce and United Bank of India (UNI) into PNB came into effect from April 1, 2020.

With this integration, all customers of erstwhile OBC (eOBC) have now migrated to core banking solution (CBS) of PNB wherein they can transact seamlessly via existing branches and digital banking channels like internet banking and mobile banking, the lender said in a release. The ATM switch and terminals also rove smoothly into PNB's network.

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.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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