PNB may take control of 2-3 small state-run banks

pnb
Punjab National Bank could take control of two-to-three small state-run banks, that could include Oriental Bank Of Commerce, Andhra BankNSE 0.20 % and Allahabad BankNSE -2.59 %, according to two sources familiar with the situation.

PNBNSE -2.55 % could start the process of taking control of the banks in the next three months, according to the sources, who declined to be named.