Mega Merger of Banks Announced by GOI

Finance Minister Niramala Sitharaman today announced amalgamation of 10 public sector banks into four big banks. In big banks merger, Sitharaman announced that government has decided to merge

  1. PNB BANK + OBC BANK + United Bank
  2. Canara Bank + Syndicate Banks
  3. Union Bank of India + Andhra Bank + Corporation Bank
  4. Indian Bank + Allahabad Bank.

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