Merge Banks PNB and OBS

Big bank theory: Modi govt may merge PNB, OBC and PSB to create giant PSU lender




The amalgamation will be a part of the government’s efforts to create a few strong banks with much larger balance sheets to support the rising credit appetite of the economy and enable optimum utilisation of resources.







PNB, OBC, P&SB, DPIIT, Bank of Baroda, Dena Bank , NPA ratio of PNB,  Reserve Bank of India
While the headquarters of PNB and Punjab & Sind Bank are in Delhi that of OBC is in Gurugram (Haryana).
The government is weighing the possibility of the next phase of consolidation in the public sector banking space by amalgamating three lenders —Punjab National Bank (PNB), Oriental Bank of Commerce (OBC) and Punjab & Sind Bank (P&SB), sources told FE