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Following the 2019-2020 bank mergers, Punjab National Bank became the

ALargest private sector bank in India.

BSmallest public sector bank in India.

CSecond largest public sector bank in India

DThird largest private sector bank in India

Answer:

C. Second largest public sector bank in India

Read Explanation:

Bank Merger 2019 & 2020

  • Finance Minister Nirmala Sitharaman announced bank mergers in August 2019 and April 2020

  • Punjab National Bank became the second largest public sector bank in India after the bank merger

  • Oriental Bank of Commerce merged with United Bank of India - Punjab National Bank

  • Syndicate Bank – Merged with Canara Bank

  • Allahabad Bank – Merged with Indian Bank

  • Andhra Bank merged with Co-operation Bank - Union Bank of India

  • Vijaya Bank, Dena Bank – merged with Bank of Baroda


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