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Punjab National Bank (abbreviated as PNB) is an Indian government public sector bank based in New Delhi. 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 .
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$220 billion) and 11,437 branches. MD and CEO of UBI, Ashok Kumar Pradhan, stated that the merged entity would begin functioning from 1 April 2020. The Union Cabinet approved the merger on 4 March 2020 ...
Punjab National Bank acquired New Bank of India in 1993. [1] [2] The only other nationalized bank merged with another—except for State Bank of India with its associate banks [3] —was the merger of Bharatiya Mahila Bank with State Bank of India [4] in 2017.
Oriental Bank of Commerce ( OBC) was an Indian public sector bank headquartered at Gurgaon, Haryana. 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 bank in India. [4]
Berks County Trust Company. Wyomissing Valley Bank, Temple State Bank, Mount Penn Trust Company, Reamstown Exchange Bank, Schuylkill Trust Company. Berks County Trust Company (1964 as American Bank and Trust Co or American Bankcorp) Wells Fargo. 1964. National Bank of Commerce. Texas National Bank.
Number of employees. ~1290 (2018) Website. www .pnbhousing .com. PNB Housing Finance Limited (PNB Housing) is an Indian housing finance company registered with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on 11 November 1988. PNB Housing is promoted by Punjab National Bank (PNB).
The merge came into effect since 1 April 2020. Post merger, Punjab National Bank has become the second largest public sector bank in India. Canara Bank. On 30 August 2019, Finance Minister announced that Syndicate Bank would be merged with Canara Bank.
Andhra Bank and Corporation Bank were merged into Union Bank of India. Syndicate Bank was merged into Canara Bank. Public Sector Undertakings (Banks) Nationalized Banks (Government Shareholding %, as at end-March 2023) State Bank of India (57.59%) Canara Bank (62.93%) Bank of Baroda (63.97%) Punjab National Bank (73.15%) Indian Bank (79.86%)