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Which banks were merged into Punjab National Bank in the 2019-2020 consolidation?

ASyndicate Bank and Allahabad Bank

BAndhra Bank and Vijaya Bank

COriental Bank of Commerce and United Bank of India

DCanara Bank and Indian Bank

Answer:

C. Oriental Bank of Commerce and United Bank of 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

Related Questions:

Arrange the events in ascending order :

  1. Nationalization of 14 commercial banks
  2. Establishment of National Bank for Agriculture and Rural Development (NABARD)
  3. Establishment of Industrial Development Bank of India (IDBI) 
  4. Nationalization of 6 commercial banks 

 

Which statement best describes the RBI's role as the "bank of banks"?
കേരളത്തിലെ ഏത് ബാങ്കിന്റെ ബിസിനസ് കണ്ടിന്യൂവിറ്റി മാനേജ്‌മെന്റ് സിസ്റ്റത്തിനാണ് 2021 ഓഗസ്റ്റ് മാസം ISO അംഗീകാരം ലഭിച്ചത് ?
------------------ was founded in July 1948 under the Industrial Finance Corporation Act of 1948, with the primary goal of providing long and medium-term financing to big industrial firms.
ഇന്ത്യയിൽ ആദ്യമായി മ്യൂച്ചൽ ഫണ്ട് അവതരിപ്പിച്ച ബാങ്ക്?