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Oriental Bank of Commerce (OBC) was an Indian public sector bank headquartered at Gurgaon, Haryana. It had 2390 branches and 2625 ATMs across India. It had 2390 branches and 2625 ATMs across India. In April 2020, the bank along with United Bank of India was merged with Punjab National Bank , making the latter the second-largest public sector ...
The proposed merger would make Punjab National Bank [20] the second largest public sector bank in the country with assets of ₹ 17.95 lakh crore (US$210 billion) and 11,437 branches. [3] [21] The Union Cabinet approved the merger on 4 March 2020. PNB announced that its board had approved the merger ratios the next day. Shareholders of Oriental ...
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$210 billion) and 11,437 branches.
Date. Acquiring bank. Acquired bank. Purchase price. Sept. 30, 1998. Bank of America. NationsBank. $62 billion. July 1, 2004. J.P. Morgan Chase. Bank One. $58 billion
The company was partnered with Dhanlaxmi Bank in June 2017. [12] It is also tied up with Can Fin Homes and [13] IndianMoneyInsurance.com. [14] In April 2020, Oriental Bank of Commerce had merged with Punjab National Bank. [15] [16] On 15 June 2022, the company rebranded as Canara HSBC Life Insurance. [17]
Peoples Security bank locations close following merger. The Times-Tribune, Scranton, Pa. Robert Tomkavage, The Times-Tribune, Scranton, Pa. December 2, 2024 at 12:01 PM.
RBI examined GTB's accounts for 2001-2 and found that GTB's net worth had turned negative, but did not close the bank. [1] GTB did not address its problems. Instead, and despite its dire straits, GTB continued to grow. It had 87 branches in 2002–2003, and grew to 103 branches before the RBI forced it to close. [2]
The two banks operate five locations locally between them.