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PNB set to revamp business and strategy of five regional rural banks

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

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At present, Five RRBs are sponsored by PNB which are operating in five States — Bihar, Haryana, Himachal Pradesh, Punjab and UP

Abhijit Lele Mumba

2 min read Last Updated : Mar 14 2020 | 2:51 AM IST

Ahead of the merger of Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with itself, Punjab National Bank (PNB) has rolled out an exercise to revamp the business and strategy of its five regional rural banks (RRBs) having a combined business of Rs 1.03 trillion. PNB is roping in an advisor to create a roadmap for its RRBs. This is expected to address potential opportunities such as digitisation and analytics.

The consultancy or advisory firm will conduct assessment of core business opportunities and work towards a holistic operating model review. The objective is to work with the RRBs’

Topics : Oriental Bank of Commerce Punjab National Bank United Bank of India

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