Acquiring Company
Punjab National Bank
Acquired Company
Hindustan Commercial Bank
IndiaIndiaFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
The Supreme Court has upheld the amalgamation of Hindustan Commercial Bank (HCB) with Punjab National Bank (PNB). This follows a dispute over tenancy rights after the statutory merger, which the Delhi High Court previously ruled did not constitute unlawful subletting. This merger allows PNB to take over HCB's assets, liabilities, and business operations.
Quick answer
Punjab National Bank is acquiring Hindustan Commercial Bank, announced July 9, 2026. Punjab National Bank is based in India.
- How much did Punjab National Bank pay for Hindustan Commercial Bank?
- The deal value was not disclosed.
- What does Punjab National Bank do?
- Punjab National Bank (PNB) is a major public sector bank in India with over 100 million customers.
- Where are Punjab National Bank and Hindustan Commercial Bank based?
- Punjab National Bank is based in India. Hindustan Commercial Bank is based in India.
Source: Fundz verified event record.
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Who to call at Punjab National Bank, and when
When Punjab National Bank changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Punjab National Bank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Punjab National Bank, from your own LinkedIn network
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Frequently asked
Who acquired Hindustan Commercial Bank?
Hindustan Commercial Bank was acquired by Punjab National Bank, based in India. The deal was reported on July 9, 2026. Punjab National Bank (PNB) is a major public sector bank in India with over 100 million customers. The bank offers a wide range of banking products and financial services to corporate and retail customers. Punjab National Bank is privately held and operates in Financial Services.
When did Punjab National Bank acquire Hindustan Commercial Bank?
Punjab National Bank's acquisition of Hindustan Commercial Bank was reported on July 9, 2026. The Supreme Court has upheld the amalgamation of Hindustan Commercial Bank (HCB) with Punjab National Bank (PNB). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hindustan Commercial Bank do?
Hindustan Commercial Bank (HCB) was a bank operating in India, which was established in 1943. It provided a range of banking services to its customers and had a notable presence in the banking sector. It is privately held, operating in Financial Services, and is based in India.
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