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

Punjab National Bank could  take control of two-to-three small state-run banks, that could include Oriental Bank Of Commerce, Andhra Bank  and Allahabad Bank, according to two sources familiar with the situation.
PNB could start the process of taking control of the banks in the next three months, according to the sources, who declined to be named. The government is seeking to consolidate the nation's debt-burdened state banking sector.