Question
Which of the following was not part of the 2019–20
major public sector bank consolidation announced by the Government of India?Solution
In the 2019–20 mega PSB merger plan, 10 public sector banks were consolidated into 4 large entities: • PNB + OBC + United Bank → Punjab National Bank • Canara + Syndicate → Canara Bank • Union + Andhra + Corporation → Union Bank • Indian + Allahabad → Indian Bank. Bank of India and Central Bank of India were not merged and continue as independent PSBs.
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