Punjab National Bank culminates IT integration of all branches of erstwhile United Bank of India; stock up 1.5%

The entire migration has been completed without effecting any change in customers account numbers, debit cards or Net Banking credentials.

Dec 29, 2020 04:12 IST India Infoline News Service

Punjab National Bank (PNB) has now successfully completed the IT integration of all branches of erstwhile United Bank of India. This is in continuation to the IT integration of all branches of erstwhile Oriental Bank of Commerce, undertaken in November 2020.

With this PNB has concluded the integration and migration of databases of both Banks, which brings all the customers on the common platform and enable them to transact seamlessly across Bank’s network as well as use PNB’s digital Banking platforms like Internet Banking and Mobile Banking. The entire migration has been completed without effecting any change in customers account numbers, debit cards or Net Banking credentials.

PNB has completed this migration activity with minimal disruption and now all customers will be able to enjoy an array of services on its wider network of branches, ATMs and robust digital channels.

“This is an important milestone for all of us displaying our unflinching commitment to the customers of PNB 2.0. This migration brings all our customers on a singular platform and provides opportunity for seamless engagement. We shall continue to provide state-of-the-art services to all our customers.” MD and CEO of Punjab National Bank, CH.S.S. Mallikarjuna Rao, said.

At around 9.32 am, Punjab National Bank was trading at Rs32.95 per piece up by Rs0.5 or 1.54% on the BSE.

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