United Bank Of India

ATM deployments had hovered between 225,000 and 235,500 units, before sniffing the 260,000-mark recently

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The Government of India currently holds 85.59 per cent stake in the bank.

The integration of the core banking solution platform would take slightly longer time as the merged entity had an older version of this platform, PNB chief said

The bank's prime goal in 2020-21 would be to strengthen its balance sheet so that it can create a better case for the amalgamated entity for the next fiscal, too, Rao said

The lender reported a net loss of Rs 697 crore in Q4FY20 before completing the amalgamation process, as it posted a second continuous quarterly loss.

The government provided Rs 16,091 crore to PNB and Rs 1,666 crore to United Bank of India in September for enhancing the capital base of these two lenders

According to the banks, they have either put the sessions on hold or are opting for e-learning instead of classroom sessions.

The consultancy or advisory firm will conduct assessment of core business opportunities and work towards a holistic operating model review.

Banks likely to set up common call centres and monitoring cells

Punjab National Bank (PNB), Oriental Bank of Commerce, and United Bank of India will combine to form the nation's second-largest lender

Bank's merger with Oriental Bank of Commerce and Punjab National Bank will be smooth, says Ashok Kumar Pradhan.

This statement comes days after a UBI official said that the government is expected to announce the new name and logo of the merged bank which will become operational from April 1, 2020

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The gross NPA of the bank as a percentage of total lending stood at 15.48 per cent

The Kolkata-based bank had reported a net loss of Rs 883 crore in the same quarter last year

The Kolkata-headquartered bank had posted a net loss of Rs 883.17 crore in the July-September period of 2018-19

All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity

The merger is scheduled to come into force from April 1 next year

The government on Friday announced infusion of Rs 16,000 crore in PNB for a smooth and seamless amalgamation