Question

Which two banks have merged with Punjab National Bank in 2020?

• A. Syndicate Bank and Allahabad Bank
• B. Dena Bank and Vijaya Bank
• C. Oriental Bank of Commerce and United Bank of India
• D. Andhra Bank and Corporation Bank

Answer 1

Answer:

C. Oriental Bank of Commerce and United Bank of India

• In 2020, Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank.

• PNB is anchoring its merger with Oriental Bank of Commerce and United Bank of India to create the country's second-largest lender in terms of business size.

• Similarly, Union Bank of India is anchoring its merger with Andhra Bank and Corporation Bank.

• while Canara Bank is the anchor bank for its amalgamation with Syndicate Bank. Indian Bank will become the country's seventh-largest bank with a total business of Rs 8.5 lakh crore.