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Punjab National Bank (abbreviated as PNB) is an Indian government 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 .
In April 2024, the central bank of Bangladesh issued banking merger policy for merger of weak banks with strong banks – both voluntary and mandatory. [2] Following merger process are ongoing: [3] Padma Bank Limited merged with EXIM Bank PLC; National Bank Limited did not merge with United Commercial Bank PLC; BASIC Bank PLC merged with City ...
The proposed merger would make PNB the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$210 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 ...
Islami Bank Bangladesh Ltd: Financials Banks Dhaka: 1983 Private bank P A Jaaz Multimedia: Consumer services Broadcasting & entertainment Dhaka: 2011 P A Jaijaidin: Consumer services Publishing Dhaka: 2006 Newspaper P A Jamuna Bank: Financials Banks Dhaka: 2001 Private commercial bank P A Jamuna Group: Conglomerates - Dhaka: 1974
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
UCO Bank, formerly United Commercial Bank, is an Indian public sector bank, and financial services government owned body headquartered in Kolkata. [3] It is a medium sized public sector bank in India and ranked 1948 in Forbes Global 2000 list of year 2018 & ranked 80 on the Fortune India 500 list in 2020. [ 4 ]
In March 2024, The EXIM Bank and Padma Bank signed a MoU at the Bangladesh Bank (BB) headquarters, under which the EXIM Bank will 'take over' the Padma Bank. [30] It is learnt that after the merger it will operate under the name EXIM Bank. [31] [32] However on 24 December 2024, EXIM Bank and Padma Bank called off planned merger. [33]
Allied Bank (merge with PNB) Banco Filipino; Equitable PCI Bank (acquired by Banco de Oro Universal Bank) Export and Industry Bank; Far East Bank (acquired by Bank of the Philippine Islands) Insular Savings Bank (acquired by Citibank, renamed Citibank Savings) International Exchange Bank (merged with Union Bank of the Philippines) LBC Bank