• About Us
  • Add Post
  • Contact
  • Contribute For Us
  • Homepage
  • Our Authors
  • Privacy Policy
What's Hot

Leeds sack Jesse Marsch after dismal run of outcomes

February 7, 2023

Call of Duty Maker Resolves a Big Controversy

February 6, 2023

Q&A: Dave Marek, Acura Global Creative Director

February 6, 2023
What's Hot

Leeds sack Jesse Marsch after dismal run of outcomes

February 7, 2023

Call of Duty Maker Resolves a Big Controversy

February 6, 2023

Q&A: Dave Marek, Acura Global Creative Director

February 6, 2023
Facebook Twitter Instagram
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors
Facebook Twitter LinkedIn
BusinessLendBusinessLend
  • NEWS
  • BUSINESS
  • AUTO
  • TECH
  • MONEY
  • STARTUP
  • SUCCESS STORIES
  • OTHER
    • Press Release
    • OPINION
Subscribe
BusinessLendBusinessLend
Home»NEWS»Are the two state-owned banks OBC and United Bank of India closed? The bank responded
NEWS

Are the two state-owned banks OBC and United Bank of India closed? The bank responded

Bhagyashree SoniBy Bhagyashree SoniMarch 25, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Are the two state-owned banks OBC and United Bank of India closed?  The bank responded
Share
Facebook Twitter LinkedIn Pinterest Email

Are the government banks Bank Oriental Bank of Commerce and United Bank of India (UNI-United Bank of India) closed?

For the past few days, the country’s largest state-run PNB, Punjab National Bank (PNB-Punjab National Bank) is answering questions related to the wrong news that is happening on customers and social media. First of all, let us tell you that the two largest government banks of the country, Oriental Bank of Commerce and United Bank of India (UNI-United Bank of India) have merged with PNB-Punjab National Bank. Already happened. After this, there were reports that the Oriental Bank of Commerce and the United Bank of India (UNI-United Bank of India) have closed down. Let’s know the answers to all the questions related to this…

What is the matter

Punjab National Bank has told through its Twitter handle that the reports of the closure of Oriental Bank of Commerce and United Bank of India (UNI-United Bank of India) have been reported. That is completely wrong.

Unlocking the potential through consolidation – the creation of NextGen Bank

Let’s move with some facts –

e-UNI and e-OBC banks have not closed but amalgamated with PNB.#FactCheckWithPNB pic.twitter.com/L9qxxic3M4

— Punjab National Bank (@pnbindia) March 25, 2021

What did PNB say about the closure of OBC and UNI bank?

Punjab National Bank says that the merger of Oriental Bank of Commerce and United Bank of India has been done in PNB. These banks are not closed.

Let us tell you that the merger of 10 state-owned banks was done on April 1, 2020. After the merger, 10 government banks turned into 4 big banks.

Among the other banks that have been merged, Syndicate Bank has been merged with Canara Bank, Andhra Bank and Corporation Bank with Union Bank of India and Allahabad Bank with Indian Bank.

Now what is the preparation of the government next

The privatization of banks was announced in the budget presented on 1 February 2021. There are plans for privatization of two public sector banks in the financial year 2021-22.

The name of Bank of Maharashtra, Indian Overseas Bank, Bank of India, Central Bank is discussed in the new list. However, no decision has been taken so far.

The privatization of 2 out of 4 banks will take place in FY 2021-22. The government is considering selling stakes in mid-size and small banks under the first phase of privatization in the banking sector. In the coming years, the government can also bet on big banks of the country.

Also read- Will crores of PNB customers no longer be able to withdraw money from their ATM cards? The bank responded

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Bhagyashree Soni
  • Facebook

Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

Related Posts

MFA shares particulars of terrorist assault on Azerbaijani Embassy in Iran (UPDATE)

February 6, 2023

Azerbaijani FM, British State Minister maintain telephone discuss

February 6, 2023
Add A Comment

Comments are closed.

Advertisement
Editors Picks

Argentines flip to black market {dollars} as disaster worsens

July 25, 2022

Jailbreak now works with these iPhone fashions working iOS 15 and iOS 16

December 15, 2022

De Beers names Equinor government as new chief

October 10, 2022

India’s 1st Multi-potential Learning Platform, ‘Ulipsu’ Raises 1.5 Million USD from the UK and Middle East-Based Angel Investors

November 11, 2022
Advertisement
Latest Posts

Leeds sack Jesse Marsch after dismal run of outcomes

February 7, 2023

Call of Duty Maker Resolves a Big Controversy

February 6, 2023

Q&A: Dave Marek, Acura Global Creative Director

February 6, 2023

Business Lend is a platform which brings executives officers, entrepreneurs, and venture capitalist together from different sectors. We keep on connecting with our users with the help of our monthly edition carving our way slowly towards the highest readership.

Facebook Twitter Instagram LinkedIn
Must Read
  • Leeds sack Jesse Marsch after dismal run of outcomes February 7, 2023
  • Call of Duty Maker Resolves a Big Controversy February 6, 2023
  • Q&A: Dave Marek, Acura Global Creative Director February 6, 2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 BusinessLend. Designed by ThemeSphere.
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors

Type above and press Enter to search. Press Esc to cancel.