Mergers of Banks under Modi Government.
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After the merger, there will be 12 public sector banks. Before this merger,there will be 27 public sector banks. In this post we discuss about merger of 10 public sector banks Mergers of Public Sector Banks in India: Punjab National Bank (PNB): Merged Banks: Oriental Bank of Commerce (OBC) and United Bank of India (UBI). Operate as: Punjab National Bank (PNB). Post-Merger Status: Together, they form the second-largest public sector bank in the country. Canara Bank: Merged Bank: Syndicate Bank. Operate as: Canara Bank. Post-Merger Status: This makes Canara Bank the fourth-largest public sector lender . Indian Bank: Merged Bank: Allahabad Bank. Operate as: Indian Bank. Post-Merger Status: This merger creates the seventh-largest public sector lender . Union Bank of India: Merged Banks: Andhra Bank and Corporation Bank. Operate as: Union Bank of India. Post-Merger Status: This forms the fifth-largest public sector lender . Bank of Baro...