According to a source, Unnk ited Bank of India has written to the Govt seeking a new name for the entity formed out of its merger with Punjab National Bank and Oriental Bank of Commerce. Syndicate Bank, which is to be merged with Canara Bank, is also planning to write to the Govt seeking a new name for the merged entity, according to a top official in the bank. Notably, the committee looking into branding exercise in case of PNB, OBC and United Bank of India merger is also looking to seek help from an external agency for an appropriate name of the merged entity. The change in bank’s name would be a long-drawn process as it would need parliamentary approval a gazette notification.
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