34 functional teams to smoothen merger of UBI, PNB, OBC
A total of 34 functional teams have been formed to smoothen the process of merger of United Bank of India (UBI), Punjab National Bank (PNB) and Oriental Bank of Commerce (OBC), a senior official said.The merger is scheduled to come into force from April 1 next year.”Thirty four functional teams have been created to come out with solutions for the process of integration,” a UBI official told DIN.A team comprises two members each from the three banks from different functional areas, he said.”The functional teams will also try standardising the…
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