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Punjab National Bank - Update: Amalgamation Of Regional Rural Banks In The States Of Bihar & Punjab

| Updated on January 07, 2019 Published on January 07, 2019

This is to inform that Department of Financial Services, Ministry of Finance has issued notification regarding amalgamation of Madhya Bihar Gramin Bank (Sponsored by Punjab National Bank) and Bihar Gramin bank (Sponsored by UCO Bank) in the State Bihar into a single RRB which shall be called Dakshin Bihar Gramin Bank under the sponsorship of Punjab National Bank with its Head Office at Patna.
Another notification has also been issued regarding amalgamation of Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank sponsored by Punjab National Bank, State Bank of India and Punjab & Sind Bank respectively in the State of Punjab. These RRBs are amalgamated in to a single Regional Rural Bank which shall be called as Punjab Gramin Bank with its Head Office at Kapurthala under the Sponsorship of Punjab National Bank.
The information is furnished pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

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Source : BSE - www.bseindia.com

Published on January 07, 2019
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