punjab national bank merger with whose bank

Oriental bank of commerce and united bank of india were merged with punjab national bank (pnb).# indian bank and allahabad bank to merge to create 7th largest public sector bank with rs 8.08 lakh crore business.As of july 2020 after the recent mergers of government banks, there are a total of 12 nationalized banks in india.As notified by the reserve bank of india (rbi), the amalgamation of punjab national bank, united bank of india and oriental bank of commerce has come into effect from today i.e.The list of nationalised banks is as follows :

Now it will be seven large public sector banks (psbs), and five smaller ones.Mentioning the lead banks because these are the ones whose business plans and liabilities will be affected the most on account of this exercise, more than the merging banks.Helpline number (7827170170) and website (www.ncwwomenhelpline.in) for women in distress.List of merged banks in 2021 * vijaya bank and dena bank were merged with bank of baroda from april 1, 2019As of today, india has 12 public sector banks, including bank of baroda and state bank of india.

This amalgamation will be effective from april 1.That will mean a consolidation of banks in india from 27 before 2017, to 12 after the merger.The government also announced capital infusion totalling over ₹ 55,000 crore into public sector banks:He explains what could possibly happen with an example: