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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 ...
Issue of ration cards following the recognition of Antyodaya families; unique quota cards to be recognised and "Antyodaya Ration Card" must be given to the Antyodaya families. The scheme has been further expanded twice by additional 50 lakh BPL families each in June 2003 and in August 2004, thus covering 2 crore families under the AAY scheme. [149]
Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance , Government of India headquartered at Lucknow and having its offices all over the country.
In October 2021, the BHIM UPI platform surpassed a record of $100 billion in value (₹7.71 lakh crore) with over 4.2 billion digital transactions. [20] Earlier in 2021, Bhutan became the first country to adopt the BHIM UPI for their digital transactions after the approval of the Royal Monetary Authority of Bhutan .
Goel started his career in 1992 as a Chartered Accountant in Allahabad Bank. In 2016, he joined Union bank as an executive director after which in 2018 he was appointed as the MD of UCO Bank. In 2021, he joined Punjab National Bank as the Managing Director and Chief Executive Officer. He is also the Chairman of the Indian Bank's Association (IBA).
On 30 August 2019, Finance Minister announced that the Oriental Bank of Commerce and United Bank of India would be merged with Punjab National Bank, making PNB the second largest PSB after SBI with assets of ₹ 17.95 lakh crore (US$210 billion) and 11,437 branches.
On 30 August 2019, Finance Minister Nirmala Sitharaman announced that the Oriental Bank of Commerce and United Bank of India (UBI) would be merged with Punjab National Bank (PNB). 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.
Lala Harkishen Lal (1864/66 – 13 February 1937) was an Indian industrialist, entrepreneur and politician. He was a co-founder of Punjab National Bank, and founder of factories and banks Punjab Cotton Press Company Ltd., the People's Bank of India Ltd., Amritsar Bank Ltd.; the Kanpur Flour Mills Ltd. in pre-independent India.