AMALGAMATION (Mixture) OF NATIONAL BANK

AMALGAMATION OF NATIONAL BANK

 

Public Sector Bank (PSBs) merging of them into just 5.

New Banks After the Merge: -

S.NO.	Amalgamated Banks	Anchor Banks
1.	Punjab National Bank; Oriental Bank of Commerce & United Bank of India	PNB
2.	Canara Bank & Syndicate Bank	Canara Bank
3.	Union Bank of India; Andhra Bank & Corporation Bank	Union Bank Of India
4.	Indian Bank & Allahabad Bank	Indian Bank
5.	Bank of Baroda; Vijaya Bank & Dena Bank	Bank of Baroda

 

Benefits of Merger: -

• Ø Competitive
• Ø Capital & Governance
• Ø Efficiency
• Ø Technological Survey
• Ø Self- Sufficiency
• Ø Recovering
• Ø Monitoring

Current Scenario of PSBs: -

S.NO.	Bank Name	PSB Rank By Size
1.	State Bank of India	Largest
2.	Punjab National Bank	2nd
3.	Bank of Baroda	3rd
4.	Canara Bank	4th
5.	Union Bank of India	5th
6.	Bank of India	6th
7.	Indian Bank	7th
8.	Central Bank of India	8th
9.	Indian Overseas Bank	9th
10.	UCO Bank	10th
11.	Bank of Maharashtra	11th
12.	Punjab & Sind Bank	12th