Which bank was merged with PNB in India?
Q. Which bank was united with the Punjab National Bank in 1993?- Published on 16 Feb 17
a. Oudh Commercial Bank
b. New Bank of India
c. Punjab and Sind Bank
d. Imperial Bank of India
ANSWER: New Bank of India
The New Bank of India which was running at a loss was united with the Punjab National Bank in September 1993.
The Government of India nationalized New Bank of India in 1980. Punjab National Bank acquired New Bank of India in 1993.
No other nationalized bank in India has been merged into another bank (except for State Bank of India with its associate banks).
PNB - Punjab National Bank
Founded : 19 May 1894; 122 years ago
Headquarter : New Delhi
Current Head : Usha Ananthasubramanian (Aug 14, 2015-Present)
In December 2016, Punjab National Bank (PNB) announced a partnership with Ola to aid cash withdrawals for the citizens of Delhi and the National Capital Region (NCR).