Thursday 5 September 2019

PNB Gives In Principle Approval For Amalgamation

PNB gives in-principle approval for amalgamation: Punjab National Bank board has considered and decided to give its 'In-principle approval" for amalgamation of the Oriental Bank of Commerce and United Bank of India into Punjab National Bank and commence the amalgamation process for the same, subject to all applicable approvals.

Lupin jumped over 2 percent on Thursday after global research firm Morgan Stanley maintained an overweight call on the stock with target at Rs 1,003 per share.

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