State-owned Punjab National bank on Wednesday said all nation-wide branches of United Bank of India and Oriental Bank of Commerce has started functioning as PNB branches. The amalgamation of Punjab National Bank, United Bank of India and Oriental Bank of Commerce has come into effect from April 1, 2020.The merger will create the second largest nationalized bank of the country – both in terms of business and branch network. The synergy from the amalgamation will create a globally competitive, next generation bank, PNB 2.0, the bank said in a release and added that allcustomers, including depositors, will be treated as PNB customers.PNB 2.0 will be offering specified inter-operable…
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Bank mergers: All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branches – Banking & Finance News
