Punjab National Bank, Oriental Bank, United bank to be merged: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Friday announced the merger of Punjab National Bank, Oriental Bank of Commerce and United Bankof India. Speaking on consolidation of the three public sector banks, Ms Sitharaman said the target bank will be the second largest public sector bank with a business of Rs. 17.95 lakh crore, "1.5 times the size of Punjab National Bank".
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