Banking
Recent Bank Mergers
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Bank mergers effective from 1st April 2020:
1) Punjab National Bank + Oriental Bank of Commerce + United Bank of India = PNB ✓
2) Canara Bank + Syndicate Bank = Canara Bank ✓
3) Union Bank of India
+Andhra Bank + Corporation Bank = Union Bank of India ✓
4) Indian Bank + Allahabad Bank = Indian Bank ✓
~~~~~~~
After Merger, 12 Banks viz.
1) State Bank of India
2) Punjab National Bank
3) Bank of Baroda
4) Canara Bank
5) Union Bank of India
6) Bank of India
7) Indian Bank
8) Indian Overseas Bank
9) Bank of Maharashtra
10)Central Bank of India
11) Punjab & Sind Bank
12) UCO Bank
will be functioning independently.
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