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PNB's Mega Merger: How OBC and UBI United to Create India's Second Largest Public Sector Bank
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Mega Merger: PNB Becomes India's Second Largest Bank After Historic Amalgamation
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CNBC Awaaz
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26-02-2026, 12:30
Mega Merger: PNB Becomes India's Second Largest Bank After Historic Amalgamation
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Punjab National Bank (PNB) merged with Oriental Bank of Commerce (OBC) and United Bank of India (UBI) on April 1, 2020.
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This merger created India's second-largest Public Sector Bank (PSB) with a total business exceeding 18 lakh crore rupees.
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The new PNB boasts over 11,000 branches and more than 13,000 ATMs, significantly expanding its reach.
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Customers experienced a smooth transition, with OBC and UBI branches operating under the PNB name and gradual updates to banking instruments.
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The merger aimed to strengthen the banking system, consolidate capital, technology, and networks for enhanced competitiveness.
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