PNB, UBI, OBC merger: Outside expert may be roped in to decide logo of new entity
The proposed merger, expected to be effective from April 1 next year, will lead to the creation of the country's second-largest lender after State Bank of India, with a total business volume of about Rs 18 lakh crore.
With three state-run lenders -- Punjab National Bank (PNB), United Bank of India (UBI) and Oriental Bank of Commerce (OBC) -- heading for an amalgamation, an outside expert may be engaged to decide the logo of the merged entity, an official said.
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