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Punjab National Bank (abbreviated as PNB) is an Indian government public sector bank based in New Delhi. [5] It was founded in May 1894 and is the second-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs .
The proposed merger would make PNB the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$220 billion) and 11,437 branches. [11] [12] MD and CEO of UBI, Ashok Kumar Pradhan, stated that the merged entity would begin functioning from 1 April 2020. [13] [14] The Union Cabinet approved the merger on 4 March ...
On December 12, 2007, official statements from PNB and Allied Bank confirmed the impending merger of both banks by early 2008. [14] In August 2009, PNB and Allied Bank were expected to complete their merger within the next six to nine months after the latter sells its 28% stake in California-based Oceanic Bank. [15]
The remaining subsidiaries, namely the State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore, and Bharatiya Mahila Bank were merged with State Bank of India with effect from 1 April 2017. Vijaya Bank and Dena Bank were merged into Bank of Baroda in 2018. [6]
On 30 August 2019, Finance Minister Nirmala Sitharaman announced that United Bank and Oriental Bank of Commerce would be merged with Punjab National Bank. The proposed merger would make Punjab National Bank the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$220 billion) and 11,437 branches. [2] [3] MD ...
CoreStates Financial Corporation, previously known as Philadelphia National Bank (PNB), was an American bank holding company in the Philadelphia, Pennsylvania, metropolitan area. The bank was renamed in the mid-1980s after a series of mergers.
Assam Gramin Vikash Bank is the only regional rural bank of Assam, India.It is under the ownership of Ministry of Finance, Government of India.The bank was formally launched on 12 January 2006 after amalgamation of Pragjyotish Gaonlia Bank, Lakhimi Gaonlia Bank, Cachar Gramin Bank and Subansiri Gaonlia Bank, which were sponsored by erstwhile United Bank of India now Punjab National Bank.
Dakshin Bihar Gramin Bank is an Indian regional rural bank (RRB) in the state of Bihar, India. The bank was incorporated on 1 January 2019 by amalgamating 2 RRBs namely Madhya Bihar Gramin Bank and Bihar Gramin Bank. Dakshin Bihar Gramin Bank is sponsored by Punjab National Bank. The Bank operates in 20 districts of Bihar viz. Banka, Begusarai ...