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      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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