PNB unveils new logo; lender merges United Bank of India, OBC with it, with effect from 1 April
Punjab National Bank (PNB) has unveiled a new logo as it merges the United Bank of India and OBC with it, with effect from 1 April
New Delhi: Punjab National Bank (PNB) has unveiled a new logo as it merges the United Bank of India and OBC with it, with effect from 1 April.
The new logo will bear distinct signages of all the three public sector lenders.
With this, PNB is set to become the second-largest lender in the country.
"#PunjabNationalBank is here with #OrientalBankofCommerce & #UnitedBankofIndia in an all-new avatar. Be a part of the #TogetherForTheBetter journey with us and experience a smoother and smarter way of banking," PNB said in a tweet on Monday.
#PunjabNationalBank is here with #OrientalBankofCommerce and #UnitedBankofIndia in an all new avatar. Be a part of the #TogetherForTheBetter journey with us and experience a smoother and smarter way of banking. pic.twitter.com/QqFux6Ygho
— Punjab National Bank (@pnbindia) March 30, 2020
Assuaging concerns regarding the merged entity, PNB also said there is no reason to worry as the three banks are coming together to be better, bigger and stronger.
"Together we are bigger, stronger & faster. People & Banking will now be closer than ever before. You will have products fine-tuned to your needs," it said in another tweet.
PNB also appealed to its customers to stay indoors due to the coronavirus outbreak and access its services through net banking and PNBONE app.
"Now, pay your tax, get interest certificates, track your investments and more with just one app. Have you downloaded #PNBONE app yet? #BankFromHomeAndStaySafe #COVID 18," the lender said.
Ten state-owned banks are to be merged into four bigger and stronger banks with effect from 1 April.
This comes in the backdrop of the government finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions
Big techs can scale up rapidly and pose risk to financial stability, which can arise from increased disintermediation of incumbent institutions, RBI stated
The finance minister would take stock of credit growth, asset quality, and business growth plan of banks, sources said, adding non-performing assets (NPAs) of Rs 100 crore and the recovery status would also be discussed