Which bank will merge with which bank?
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Which bank will merge with which bank?
Bank Merger List in India, 2020-2021. Punjab National Bank (PNB) will take over the Oriental Bank of Commerce and the United Bank of India as an anchor bank, Canara Bank will take over Syndicate Bank, Union Bank of India will see itself taking over Andhra Bank and Corporation Bank.
Which banks are going to merge in 2020?
Punjab National Bank (PNB) took over Oriental Bank of Commerce and United Bank of India; Allahabad Bank became part of Indian Bank; Canara Bank subsumed Syndicate Bank; and Andhra Bank and Corporation Bank merged with Union Bank of India.
Which 3 banks will be merged?
Merger List of PSU Banks in India 2021
| Sl. No | Acquirer Banks | Banks to be Merged |
|---|---|---|
| 1. | Punjab National Bank(PNB) | Oriental Bank of Commerce and United Bank of India |
| 2. | Indian Bank | Allahabad Bank |
| 3. | Canara Bank | Syndicate Bank |
| 4. | Union Bank of India | Andhra Bank and Corporation Bank |
When banks will be merged?
Ten Public Sector Undertaking (PSU) banks will be amalgamated into four banks from today, 1 April. In the biggest consolidation exercise in the banking space, the government in August 2019 had announced the merger of 10 public sector lenders into four bigger and stronger banks.
Which bank are merged in 2021?
List of Merged Banks in 2021
| Anchor Bank | Banks Merged |
|---|---|
| Canara Bank | Syndicate Bank |
| Indian Bank | Allahabad Bank |
| Union Bank of India | Andhra Bank Corporation Bank |
| Bank of Baroda | Dena Bank Vijaya Bank |
Is UCO Bank getting merged?
What’s also noteworthy is the fact that the government has announced capital infusion worth more than 55,000 crore into public sector banks (PSBs)….Corporation Bank and Andhra Bank with Union Bank of India.
| PSBs | Capital Infusion (In ₹) |
|---|---|
| UCO Bank | 2,100 Crore |
| United Bank of India | 1,600 Crore |
| Punjab and Sind Bank | 750 Crore |
How many banks are Nationalised after merger?
After a series of mergers, the number of public sector banks has come down to 12, from 27 in 2017. Following are the 12 government-owned banks in India in 2021.
Can we change IFSC code after merger?
If your bank is among those listed in the mergers, the old IFSC codes will no longer be valid for online transactions through NEFT, RTGS or IMPS routes. As a result, account holders in these banks need to update their IFSC codes on the web portal to continue availing online banking facilities.
Will UCO Bank be merged?
Which Nationalised Bank merged with PNB?
On 30 August 2019, Finance Minister Nirmala Sitharaman announced that the Oriental Bank of Commerce and United Bank of India would be merged with Punjab National Bank.
How many govt banks are there in India in 2021?
List of 12 Government Bank in India 2021 – 2022. Below is the list of updated 12 Government banks in India after the mega-merger. You can also find merged banks in the brackets for reference. You may also check the list of all Indian banks, from both the private and public sectors.