PNB Likely to Merge OBC, Andhra Bank and Allahabad Bank

Bank Merger list of banks

In next three month Punjab National Bank (PNB) could initiate the process of merging of two-to-three small state-run banks, that could include Oriental Bank Of Commerce, Andhra Bank and Allahabad Bank. 

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Punjab National Bank was earlier in the headlines in April for a possible merger with Union Bank of India and Bank of India. The Indian government is seeking to consolidate the nation’s debt-burdened state banking sector.

News sources by Moneycontrol, Livemint, BS

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