Amalgamation will give us greater strength to further undertake clean-up, says Sunil Mehta of PNB

2019-09-12 129

Asset quality stress has bottomed out and the merger with Oriental Bank of Commerce and United Bank will not add any pressure on PNB's books. That's the word coming in from Sunil Mehta, MD & CEO of Punjab National Bank. In a chat with CNBC-TV18's Ritu Singh, Mehta also said that there will be no job losses due to the proposed merger.