PNB, OBC, UBI MERGER: NO EMPLOYEE WILL BE SACKED SAYS PNB MD & CEO RAO

Highlights

• The merger of Oriental Bank of Commerce (OBC), Punjab National Bank (PNB) and United Bank of India came into effect from April 1, 2020

• The MD & CEO SS Mallikarjuna Rao said there will be no retrenchment of employees due to the merger of the OBC, UBI with PNG

According to the statement given by the Managing Director & Chief Executive Officer of Punjab National Bank SS Mallikarjuna R....