Mega Merger: PNB Becomes India's Second Largest Bank After Historic Amalgamation

• Punjab National Bank (PNB) merged with Oriental Bank of Commerce (OBC) and United Bank of India (UBI) on April 1, 2020.
• This merger created India's second-largest Public Sector Bank (PSB) with a total business exceeding 18 lakh crore rupees.
• The new PNB boasts over 11,000 branches and more than 13,000 ATMs, significantly expanding its reach.
• Customers experienced a smooth transition, with OBC and UBI branches operating under the PNB name and gradual updates to banking instruments.
• The merger aimed to strengthen the banking system, consolidate capital, technology, and networks for enhanced competitiveness.