Ahead of its merger with the United Bank of India (UBI) and the Oriental Bank of Commerce (OBC) from April 1, Punjab National Bank (PNB) today unveiled a new logo which bears the signages of all the three PSU banks. From the next financial year, PNB will become the second largest lender in India after the State Bank of India (SBI). The Reserve Bank of India (RBI) has already issued a statement that the merger will take place as scheduled on April 1.
There were concerns that the 21-day nationwide lockdown might impact the mega merge plan in which 10 state-owned banks will be merged into four bigger and stronger banks. OBC and UBI are the transferor banks while PNB is the transferee in this amalgamation process.
The amalgamation of #OrientalBankofCommerce and #UnitedBankofIndia into #PunjabNationalBank marks a historic moment in the annals of Indian Economy & Banking. On this occasion, we thank you for your continued patronage & promise to keep you posted with developments. pic.twitter.com/4ffiedDPjT
— Punjab National Bank (@pnbindia) March 21, 2020
The boards of UBI and OBC will cease to exist from April 1, 2020. According to the swap ratio, 1,150 equity shares of PNB are to be exchanged for every 1,000 shares of Oriental Bank of Commerce. As many as 121 equity shares of PNB are to be swapped for every 1,000 shares of the Kolkata-headquartered bank. PNB also appealed to its customers to stay indoors due to the coronavirus outbreak and access its services through net banking and PNBONE app.
THE LOGO
The logo is very important for creating an identity of the new lender and discussions on this aspect have been taken place at the highest level of the three state-run banks. The official also said the 34-odd committees, formed by the three banks for standardisation and harmonisation of procedures, have already submitted their reports to the respective boards of the lenders.
SOME TWEETS :
Major Bank Reforms announced by Hon Fin Min, Smt @nsitharaman ji.
👉 PNB, OBC & Union Bank merged
👉Syndicate Bank merged with Canara
👉UBI, Andhra, Corp Banks merged
👉 Heralds consolidation of Best practices of banks to enhance overall performance@narendramodi@AmitShah pic.twitter.com/kTFBV2Wp53— Gayatri বৰপাত্ৰগোহাঁই 🇮🇳 🐾🌱 (@GayatriBGohain) August 30, 2019
Punjab National Bank will merge with the United Bank of India (UBI) and the Oriental Bank of Commerce (OBC) from April 1, Punjab National Bank (PNB) today unveiled a new logo which bears the signages of all the three PSU banks. @pnbindia @UnitedBankTweet pic.twitter.com/1j3fjayKqg
— Tezpur Buzz (@TezpurBuzz) March 30, 2020
BOARD OF PNB GAVE IN-PRINCIPLE APPROVAL TO MERGER WITH ITSELF OF OBC AND UBI : https://t.co/XwxH5VA5ik pic.twitter.com/TigCYciqHT
— Ajay Kumar Nandy (@ajay_nandy) September 7, 2019
#PNB, which is the anchor bank for a scheduled merger with #UBI and #OBC, has said it does not see any erosion in asset quality after the merger, #process and #products will be chosen for the consolidated entity to offer a win-win situation for the combined #staff and #customers. pic.twitter.com/57458EAAJb
— IANS Tweets (@ians_india) September 22, 2019
PNB new logo soon: PSU bank to get new identity after merger with UBI, OBC – The Financial Express https://t.co/cAkNTUd5FI
— K K R (@ramankk92) February 8, 2020
MORE ABOUT THE MERGE 
In its bid to create “NextGen banks”, the finance ministry has decided to merge 10 public sector banks into four. The merger of United Bank of India (UBI) and Oriental Bank of Commerce (OBC) with Punjab National Bank (PNB) will give birth to India’s second largest public sector bank after the State Bank of India (SBI). The PNB merger, which will make the bank bigger than Bank of Baroda (BoB), will come into effect from April 1 next year, according to a recent PTI report. Punjab National Bank (PNB) however, said there is no proposal to change the name of the bank following the merger of two other public sector lenders Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with itself.
IMPORTANT FAQ
What are the objectives of the amalgamation w.e.f. 1 April 2020?
The announcement of amalgamation by Honorable Finance Minister was made with the following objectives:
Unlocking potential through consolidation- creation of Next Gen Banks , Repositioning PSBs with scale for building of USD 5 Trillion Economy, Big banks with enhanced capacity to increase credit, Creation of a bank with a strong national presence and international reach , Operational efficiency gains to reduce cost of lending, Enhanced risk appetite Wider offerings with enhanced customization, Better ability to raise resources from market.
How big will be the amalgamated bank?
The amalgamated bank will be the second largest public sector bank in the country having a business of Rs. 18 lakh crores (approx.), 11,000 branches (approx.) and a workforce of over 1 lakh.
How will this amalgamation impact me as a customer?
The customer will be impacted in a positive manner as under: Will be associated with a larger Bank, having a, widespread pan-India network and better capital base. Access to a larger number of branches and ATM, network and next generation banking technology. Access to a wider array of products, credit facilities and, best of banking services.
Are Oriental Bank of Commerce and United Bank of India getting closed?
No. Both these banks are being amalgamated into Punjab National Bank, with the name of the amalgamated bank being Punjab National Bank.
CHALLENGES DUE TO COVID-19
The functioning of the amalgamated entity of three PSBs — Punjab National Bank, Oriental Bank of Commerce and United Bank of India that comes into being on April 1– will be a “big challenge” in the wake of the ongoing 21-day nationwide lockdown, an official said on Friday. The merger of UBI and OBC into PNB will lead to the creation of the country’s second largest lender after State Bank of India, the official said. “Under the given conditions, the effective functioning of the merged entity will be a big challenge. The government has not given any direction so far in this regard,” the UBI official said. The legal process of the merger has been completed, he said. OBC and UBI are the transferor banks while PNB is the transferee in this amalgamation process. The boards of UBI and OBC will cease to exist from April 1, 2020, the official said. “The effective functioning of the merged entity will be seriously impacted due to the outbreak of COVID-19, which has put all plans into a tailspin,” the official said. According to the swap ratio, 1,150 equity shares of PNB are to be exchanged for every 1,000 shares of Oriental Bank of Commerce. As many as 121 equity shares of PNB are to be swapped for every 1,000 shares of the Kolkata-headquartered bank. 
certainly like your web-site but you have to check the spelling on several
of your posts. A number of them are rife with spelling problems and I in finding it very troublesome to tell the truth
nevertheless I will certainly come again again.
Sweet blog! I found it while surfing around on Yahoo News.
Do you have any suggestions on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get there!
Cheers
I blog frequently and I genuinely thank you for
your information. This article has really peaked my interest.
I am going to bookmark your site and keep checking for new information about once per week.
I opted in for your RSS feed as well.
Hello there! I simply would like to offer you a big thumbs up for your excellent info you have right here
on this post. I will be coming back to your website for more soon.
https://oncofertility.northwestern.edu/sites/oncofertility/files/webform/55tsacko-FreE-V-BUckS-generAtOR-VBUckS-GeneRATor-ForTNITE-skins-fReE-huNteR019.pdf
Hello just wanted to give you a brief heads up and let you know
a few of the images aren’t loading correctly. I’m not sure why
but I think its a linking issue. I’ve tried it in two different web browsers and both show
the same results.
Hello, everything is going nicely here and ofcourse every one is sharing data,
that’s really excellent, keep up writing.
After going over a few of the articles on your web site, I seriously appreciate your technique of blogging.
I saved it to my bookmark site list and will be checking back soon. Please visit
my website as well and tell me your opinion.
Great post. I was checking continuously this blog and I’m impressed!
Extremely helpful info specifically the last part
🙂 I care for such information a lot. I was looking for this certain info for
a long time. Thank you and best of luck.
Do you have a spam problem on this website; I also am a blogger, and I
was wanting to know your situation; we have developed some nice procedures and we are looking to exchange solutions with others, be sure
to shoot me an e-mail if interested.
You are so awesome! I do not believe I’ve truly read through a single thing
like that before. So great to find someone with some genuine thoughts on this topic.
Really.. thanks for starting this up. This site is one thing that’s needed on the internet, someone with a
bit of originality!
Excellent weblog right here! Also your site rather a lot up fast!
What host are you the use of? Can I get your associate link
for your host? I desire my site loaded up as quickly as yours lol
I believe everything typed made a ton of sense.
But, think on this, what if you typed a catchier title?
I mean, I don’t want to tell you how to run your blog, however what if you added
a headline that grabbed a person’s attention? I mean Pnb Unveils New
Logo Ahead of Merger – EzMailRoom is a little plain. You should peek at
Yahoo’s home page and see how they create article headlines to get viewers to open the links.
You might add a related video or a pic or two to grab readers excited about what you’ve written.
Just my opinion, it would bring your website a little bit more interesting.
This is a topic which is close to my heart… Thank you!
Where are your contact details though?
Howdy! This post couldn’t be written much better!
Looking through this post reminds me of my previous roommate!
He always kept talking about this. I will send this post
to him. Fairly certain he’ll have a great read.
Many thanks for sharing!
It’s a shame you don’t have a donate button! I’d most certainly donate to this brilliant blog!
I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account.
I look forward to fresh updates and will share this website with my Facebook group.
Talk soon!
We stumbled over here different web address and thought I might as well check things out.
I like what I see so now i’m following you. Look forward to finding out about your web
page for a second time.
I believe this is among the so much significant information for me.
And i’m satisfied studying your article. However want to remark
on some common things, The website style is perfect, the articles is in reality nice :
D. Good job, cheers
What’s up colleagues, its great piece of writing regarding teachingand completely defined, keep it up all the time.
Hi there, I wish for to subscribe for this webpage to
obtain hottest updates, therefore where can i do it please assist.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to
my blog that automatically tweet my newest twitter updates.
I’ve been looking for a plug-in like this for
quite some time and was hoping maybe you
would have some experience with something like this.
Please let me know if you run into anything.
I truly enjoy reading your blog and I look forward to your
new updates.
Wow, amazing blog layout! How long have you been blogging for?
you make blogging look easy. The overall look of your website is magnificent, as well as
the content!
Greetings! Very useful advice within this post! It is
the little changes which will make the largest changes.
Many thanks for sharing!
This is really interesting, You’re a very skilled blogger. I have joined your feed and look forward to seeking more of your wonderful post.
Also, I have shared your website in my social networks!
I know this web page presents quality dependent posts and additional data,
is there any other site which gives these kinds of stuff in quality?
This is a very gentlemanly post. Thankyou fitted posting this surprising article.
xbody
Unquestionably believe that which you said. Your
favorite justification seemed to be on the net the simplest thing to
be aware of. I say to you, I definitely get annoyed while people think about
worries that they just do not know about. You managed to hit the nail upon the top and also defined
out the whole thing without having side effect , people can take
a signal. Will probably be back to get more. Thanks
It’s hard to find educated people on this topic, but you sound
like you know what you’re talking about! Thanks
I have to thank you for the efforts you’ve put in writing this website.
I am hoping to check out the same high-grade content by you in the future as well.
In truth, your creative writing abilities has motivated
me to get my very own website now 😉
Usually I don’t read post on blogs, but I would like
to say that this write-up very pressured me to take a look at and do so!
Your writing style has been surprised me.
Thanks, very nice post.
Hi there colleagues, nice piece of writing and nice urging commented here,
I am actually enjoying by these.
Hey there! Do you use Twitter? I’d like to follow you if that would be okay.
I’m absolutely enjoying your blog and look forward to new posts.
Someone necessarily assist to make seriously posts I would state.
That is the very first time I frequented your web page and thus far?
I amazed with the research you made to make this actual put up extraordinary.
Excellent job!
Hi there everyone, it’s my first go to see at this website, and paragraph is in fact
fruitful in support of me, keep up posting such articles.
I’ve been browsing online more than 2 hours today, yet I never found any interesting article like yours.
It’s pretty worth enough for me. Personally, if all site
owners and bloggers made good content as you did, the net
will be a lot more useful than ever before.
Keep this going please, great job!
Ahaa, its nice discussion about this piece of writing at this
place at this web site, I have read all that, so at this time me also commenting
at this place.
I’m really enjoying the theme/design of your website.
Do you ever run into any internet browser compatibility problems?
A number of my blog readers have complained about my site not working
correctly in Explorer but looks great in Safari. Do you have any ideas to
help fix this problem?
Fabulous, what a webpage it is! This web site gives helpful data to us,
keep it up.
plaquenil price
My family always say that I am wasting my time here at web, except I know I am getting knowledge daily by reading
thes good content.
These are truly great ideas in regarding blogging.
You have touched some nice points here. Any way keep up wrinting.
drug prices sildenafil
over the counter propranolol
prazosin erectile dysfunction
suhagra 100mg buy
hydroxychloroquine plaquenil
viagra soft tabs
[url=https://flagyltab.com/]flagyl prescription[/url]
[url=https://sildenafilok.com/]sildenafil otc[/url] [url=https://hydroxychloroquineus.com/]hydroxychloroquine 400 mg[/url] [url=https://plaquenil.us.com/]hydroxychloroquine 700mg[/url] [url=https://ataraxbuy.com/]atarax 25mg uk[/url]
rx bactrim
prescription atarax 25mg
buying levitra in mexico
levitra comparison
[url=http://finasteridep.com/]propecia cheapest price[/url] [url=http://paxilgen.com/]paroxetine 37.5mg price[/url] [url=http://zoloftsrt.com/]buying zoloft online[/url]
arimidex for sale online
trazodone 1.5 mg
order cytotec
abilify cost without insurance
cialis once a day
Very nice post. I just stumbled upon your blog and wanted to say that I have truly enjoyed surfing around your blog posts.
In any case I’ll be subscribing to your feed and
I hope you write again very soon!
plaquenil cost australia
abilify cost comparison
atarax price
cheap seroquel
buspar cheap
where to purchase levitra
where can i buy paxil online
cymbalta 60 mg coupon
trazodone india
effexor rx
desyrel 25 mg
[url=http://cozaar365.com/]cozaar cost comparison[/url] [url=http://triamterenegen.com/]triamterene hctz 37.5 25 mg cp[/url] [url=http://ampicillinz.com/]ampicillin price[/url] [url=http://buyviagrasildenafil.com/]cost viagra[/url] [url=http://singulairtabs.com/]singulair order online[/url]
erythromycin 250 mg tablets cost
kamagra tablets uk
silagra without prescription
where to purchase viagra online
[url=http://ivardenafil.com/]levitra 20mg price in canada[/url] [url=http://silagratabs.com/]buy silagra uk[/url] [url=http://hydroxychloroquinexl.com/]buy plaquenil 100mg[/url] [url=http://pfzviagra.com/]viagra brand name online[/url] [url=http://dipyridamoleonline.com/]dipyridamole[/url] [url=http://cytotecmed.com/]misoprostol pill price[/url] [url=http://inderala.com/]propranolol brand name usa[/url] [url=http://baclofengen.com/]lioresal tablet[/url] [url=http://ataraxmedication.com/]atarax 10mg generic[/url] [url=http://diclofenacduo.com/]diclofenac 2.32 gel[/url] [url=http://sumycin24.com/]tetracycline cream brand name[/url] [url=http://itoradol.com/]toradol otc[/url] [url=http://antabusedis.com/]disulfiram tablets price[/url] [url=http://kamagranorx.com/]where to buy kamagra oral jelly in melbourne[/url] [url=http://buyplavix.com/]plavix canada[/url] [url=http://inderalpill.com/]propranolol for sale uk[/url] [url=http://levitratabs.com/]buy levitra online cheap[/url] [url=http://suhagramed.com/]suhagra 100mg in india[/url] [url=http://antabuze.com/]disulfiram 500 mg tablet[/url] [url=http://dapoxetinesale.com/]super avana[/url]
atarax tablets
antabuse generic
baclofen 10 mg tab
zoloft medicine in india
how to buy generic levitra online
prazosin 5 mg price
generic plaquenil
plaquenil 50 mg
generic for tetracycline
levitra in india
diclofenac 800
cymbalta from canada price
sildenafil online singapore
augmentin 500 mg 125 mg tablet
celexa pills
levitra mexico
can you do my homework
homework
600 mg motrin otc
[url=http://installmentloans.us.com/]payday usa[/url] [url=http://loansonlineams.com/]quickloans[/url]
payday loans online no faxing
[url=https://personalloansonline.us.org/]cash advance payday loan[/url]
do my homework for me
prescription motrin 800
help with my homework online
same day payday loans
progressive loans
sildenafil uk 100mg
suhagra 100 online purchase
informative essay
multi payment payday loans
suhagra 100 buy online
payday loans california
how much is nexium over the counter
help with essay papers
rehab loan
nexium 10 mg capsule
esl essay writing
purchase 60 mg cymbalta
university homework help
My family all the time say that I am killing my time here at web, except I know I am getting familiarity daily
by reading thes fastidious articles.
Hello there! Quick question that’s entirely off topic.
Do you know how to make your site mobile friendly?
My website looks weird when viewing from my iphone.
I’m trying to find a theme or plugin that might be able to
correct this issue. If you have any suggestions,
please share. Thank you!
Hi mates, how is all, and what you wish for to say about this post, in my view
its in fact amazing designed for me.
best price for viagra 100mg
Now I am ready to do my breakfast, once having my breakfast coming
yet again to read additional news.
[url=https://customwriting.us.com/]core connections homework help[/url] [url=https://writingpaper.us.com/]college essay writing service[/url] [url=https://writemyessayjoe.com/]college essays for dummies[/url]
writing a good conclusion for a research paper
nexium price without insurance
nexium sale price
[url=http://domyhomework.us.com/]biology assignment[/url] [url=http://essay.us.org/]order essays[/url]
vermox tablet
cash america payday advance
buy generic sildenafil online
dipyridamole 100mg tablets
tadalafil otc usa
home loan refinancing
This is a topic that is near to my heart… Thank you!
Where are your contact details though?
[url=https://viagraeng.com/]where to buy viagra with paypal[/url] [url=https://viagratbb.com/]viagra online no script[/url] [url=https://sildenafilk.com/]price of viagra 100mg[/url] [url=https://tadalafil69.com/]cialis 5 mg online pharmacy[/url] [url=https://chloroquinets.com/]quinolex[/url]
Very good blog post. I absolutely appreciate this
site. Keep writing!
Incredible points. Great arguments. Keep up the great spirit.
generic dipyridamole
[url=https://viagrarel.com/]viagra price list[/url] [url=https://trazodome.com/]trazodone 350[/url] [url=https://cializ.com/]where can i get cialis over the counter[/url] [url=https://zoloftsrtl.com/]zoloft 25 mg price in india[/url] [url=https://musclerelaxant24.com/]price of tizanidine 4mg[/url]
diovan tablets
[url=http://homeworkyes.com/]essays online to buy[/url]
mortgage rates available
loans online direct
housing loans
kamagra 100mg oral jelly price in pakistan
research paper jfk
write my dissertation
sildenafil generic drug cost