Bank consolidation: Non-anchor PSBs urge govt for new name after merger

While the official date of the merger of public sector banks is just a quarter away, some of the lenders getting merged are seeking a new name.

According to a source, United Bank of India has written to the Government seeking a new name for the entity formed out of its merger with Punjab National Bank and Oriental Bank of Commerce.

Syndicate Bank, which is to be merged with Canara Bank, is also planning to write to the Government seeking a new name for the merged entity, according to a top official in the bank.

Notably, in the merger of