PNB clarifies no proposal for changing bank's name after UBI flags issue

Punjab National Bank (PNB) on Tuesday said there is no proposal to change the name of the bank following the merger of two other public sector lenders Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with itself.

This statement comes days after a UBI official said that the government is expected to announce the new name and logo of the merged bank which will become operational from April 1, 2020.

"Punjab National Bank hereby clarifies that there is no proposal to change the name of the Bank," the bank said in a tweet.

Last year, Finance Minister