Question

    New Bank of India was merged with Punjab National Bank

    in 1993. The merger was recommended by?   
    A Narasimham Committee Correct Answer Incorrect Answer
    B Rangarajan Committee Correct Answer Incorrect Answer
    C Kapur Committee Correct Answer Incorrect Answer
    D Patel Committee Correct Answer Incorrect Answer
    E Nayak committee Correct Answer Incorrect Answer

    Solution

    The Government of India nationalized New Bank of India in 1980. Punjab National Bank acquired New Bank of India in 1993.

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