Already, PNB is a promoter of PNB Metlife Insurance ... In another case, the merger proposal involving Union Bank of India, Andhra Bank and Corporation Bank, Andhra Bank holds 30 per cent stake ...

Following the merger, MBSBS said MIDF is now a wholly-owned subsidiary of the group while PNB is now a substantial ... and as a major player in Islamic banking, with a strengthened capacity ...

Three-way amalgamation of PNB, OBC and United Bank has started off well The proposed merger will lead to the creation of the country's second-largest lender after State Bank of India.