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    Question

    Which of the following was not part of the 2019тАУ20

    major public sector bank consolidation announced by the Government of India?
    A Punjab National Bank, Oriental Bank of Commerce, and United Bank of India Correct Answer Incorrect Answer
    B Canara Bank and Syndicate Bank Correct Answer Incorrect Answer
    C Union Bank of India, Andhra Bank, and Corporation Bank Correct Answer Incorrect Answer
    D Indian Bank and Allahabad Bank Correct Answer Incorrect Answer
    E Bank of India and Central Bank of India Correct Answer Incorrect Answer

    Solution

    In the 2019тАУ20 mega PSB merger plan, 10 public sector banks were consolidated into 4 large entities: тАв PNB + OBC + United Bank тЖТ Punjab National Bank тАв Canara + Syndicate тЖТ Canara Bank тАв Union + Andhra + Corporation тЖТ Union Bank тАв Indian + Allahabad тЖТ Indian Bank. Bank of India and Central Bank of India were not merged and continue as independent PSBs.

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