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

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

Punjab National bank
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Under the mega merger plan announced by the Union Finance Minister Nirmala Sitharaman, 10 PSBs are being merged into four.

Namrata Acharya Kolkata
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

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First Published: Dec 31 2019 | 3:16 PM IST

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