Oriental Bank of Commerce: Functioning as PNB branches?

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Oriental Bank of Commerce: Functioning as PNB branches?

The state-owned Bank, that is the Punjab National Bank on Wednesday said all branches across the country. Oriental Bank of Commerce has started to operate as PNB branches. The merger of Punjab National Bank, United Bank of India, and Oriental Bank of Commerce became operational on April 1, 2020. The merger forms the second-largest international Bank – both in terms of the business and branch network.
The integration will create the next generation of global competition bank, PNB 2.0, the Bank has released and added that all customers, including investors, will be treated as customers of PNB. PNB 2.0 will provide many interactive services combining all the branches and for all the various platforms including Mobile and Internet Banking, it adds.

The merged bank will have extensive local access through 11,000 plus branches, more than 13,000 automated reporting machines, a staff of one lakh and business consolidation in excess of Rs 18 lakh crore. “This will help us a lot we have served our customers effectively and efficiently, “said SS Mallikarjuna Rao, Executive Director and Chief Executive Officer of Punjab National Bank.

The lender said he had appointed ‘Bank Sathi’ to all branches/areas/offices (for all three banks) will address customer concerns and help them make the right choice
products and services. It will also smooth out customer change, in addition. Strength Risk management has been developed to reduce risks and create banks the experience is secure and secure, PNB noted.

Meanwhile, A new brand following was launched by PNB, the merger which consists of Oriental Bank of Commerce and also United Bank of India with it. The new brand will have distinctive features of all three lenders of state-owned companies.

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