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PNB BANK MERGER
ICICI Bank to be designated bank for all financial transactions under National Health Mission in West BengalPunjab National Bank, the convenor of state level bankers' committee (SLBC), by the virtue of its merger with United Bank of India, did not...- PNB to retain stake in two life insurance ventures as Irdai gives nodPNB is a promoter of PNB Metlife Insurance with the highest stake of 30 per cent since 2012.
- Chief executives of Oriental Bank of Commerce, United Bank of India designated as OSD in PNBThe merger of PNB with OBC and UBI has created the country's second largest state-owned bank with Rs 7.7 lakh crore advances. OBC chief exe...
- RBI changes SLBC convenors in view of bank mergersThe government on March 4 notified the amalgamation scheme as part of its consolidation plan to create bigger and stronger banks in the pub...
- Functioning of merged entity of PNB, OBC, UBI to be big challenge during lockdown: OfficialThe merger of UBI and OBC into PNB will lead to the creation of the country's second largest lender after State Bank of India, an official ...
- 8 state-owned banks announce share swap ratios for mergersAccording to the swap ratio, 1,150 equity shares of PNB are to be exchanged for every 1,000 equity shares of Oriental Bank of Commerce, whi...
- Long association with Bengal: UBI stakeholders fear losing identity with mergerUBI stakeholders are disappointment over the govt's decision to not retain identity of the lender after merger.
- PNB seeks IRDAI forbearance for paring stake in Canara HSBC OBC LifeOriental Bank of Commerce (OBC) currently holds 23% stake in Canara HSBC OBC Life Insurance. Besides, another public sector lender Canara B...
- Merged entity of PNB, Oriental Bank of Commerce and United Bank of India may follow a SBI-like structure“We intend to finalise all these administrative strategies in the next six months so that the merged entity can focus on business from the ...
- Tech, HR integration remain key challenges for PSU bank mergersLenders have formed 23 committees covering every aspect of the merger to ensure success of the exercise.
- IT and HR synergy are key challenges for PNB-OBC-UBI mergerHarmonising human resource issues will be another key aspect of these mergers, as was seen in the past.
- Post merger, PNB could see a rating upgradeMoody’s has changed the outlook on PNB to positive from stable.
- PNB board to consider Rs 18,000 crore capital infusion this weekIt comes against the backdrop of the government's announcement on August 30 about merging 10 public sector banks into four entities
- PNB board to consider Rs 18,000-crore capital infusion this weekThe mega merger plan of public sector banks (PSBs) is being seen as the biggest consolidated exercise in the banking space, aimed at making...
- PSB mergers: Anchor banks likely to fare better on boursesThe worst hit could be Indian Bank as Allahabad Bank has net NPAs exceeding its net worth.
- PNB to be 2nd largest PSB post merger, Canara fourth, UBI fifth, Allahabad 7thAfter the merger, the number of India’s public sector banks drops to 12 from 27 earlier.
- PNB, BoI, Union Bank shares fall 5% amid merger buzzThe report quoted a senior executive with a PSU bank saying that merger is not the antidote for every banking woe.
- BoB-Vijaya-Dena merger: Why select PSU bank stocks rallied on an otherwise weak dayThe news of merger of three PSU banks it triggered selling in several other banking stocks.
- PNB to decide about merging PNB Housing Finance in next 6 monthsAfter deciding to merge PNB Gilts with itself, Delhi-based state lender Punjab National Bank will take a call on amalgamating its housing f...
- PNB Board okays merger of PNB Gilts with itselfPunjab National Bank on Wednesday said the board has given go-ahead to PNB Gilts to work out scheme of merger with the bank.
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