Ministry of Finance Appoints Punjab National Bank as Official Liquidator for 32 Defunct Banks:

PNB has been selected as the official liquidator for 32 defunct banking institutions by the central government.

Punjab National Bank Appointed as Official Liquidator

Nidhi

Jun 4, 2025

Last update on Jun 4, 2025

Ministry of Finance Appoints Punjab National Bank as Official Liquidator for 32 Defunct Banks The Punjab National Bank (PNB) has been selected as the official liquidator for 32 defunct banking institutions by the central government. As per the official notification issued by the Ministry of Finance, dated June 3, 2025, under Section 39 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government is declaring Punjab National Bank eligible to be appointed as the official liquidator in the winding-up proceedings conducted by the Calcutta High Court for the following banking companies. The List of banks is as follows: 1. Associated Bank of Tripura 2. Bank of Calcutta Ltd. 3. Beleghata Bank Ltd. 4. Bengal Bank Ltd. 5. Berhampore Bank Ltd. 6. Bishnupur Bank Ltd. 7. Calcutta Commercial Bank Ltd. 8. Calcutta Industrial Bank Ltd. 9. Calcutta National Bank Ltd. 10. Central Calcutta Bank Ltd. 11. Comrade Bank Ltd. 12. East Bengal Commercial Bank Ltd. 13. Eastern Traders Bank Ltd. 14. Economic Bank Ltd. 15. Girish Bank Ltd. 16. Hazradi Bank Ltd. 17. Kuver Bank Ltd. 18. Lakshmi Industrial Bank Ltd. 19. Mercantile Exchange Bank Ltd. 20. Nath Bank Ltd. 21. National Economic Bank Ltd. 22. Noakhali Union Bank Ltd. 23. Northern Bank Ltd. 24. Pacific Bank Ltd. 25. People’s Credit Bank Ltd. 26. Pioneer Bank Ltd. 27. Pioneer Commercial Bank Ltd. 28. Sonar Bangla Bank Ltd. 29. Sree Bank Ltd. 30. Sterling Bank Ltd. 31. Subarban Bank Ltd. 32. Tripura Modern Bank Ltd. Refer to the official notification for more information

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