The Punjab National Bank (PNB) has unveiled a new logo before its merger with the Oriental Bank of Commerce (OBC) and the United Bank of India (UBI). The new logo bears the distinct signages of all the three PSU banks i.e. the Punjab National Bank, the United Bank of India (UBI) and the Oriental Bank of Commerce (OBC).
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The merger of the Punjab National Bank with the Oriental Bank of Commerce (OBC) and the United Bank of India will be effective from 1st April 2020. After the merger of three banks, all branches of Oriental Bank of Commerce and United Bank of India will operate as branches of Punjab National Bank. Also the customers, including depositors of Oriental Bank of Commerce and United Bank of India, will be treated as customers of Punjab National Bank.
In the amalgamation process, the Punjab National Bank (PNB) will be the transferee while the Oriental Bank of Commerce (OBC) and the United Bank of India (UBI) will be the transferor banks.
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