2021年2月24日 · The Union Cabinet has given a go-ahead for the merger proposal and the government has been in regular touch with these banks. List of Bank Mergers in India – Mega PSB Merger: As per the bank amalgamation plan, Oriental Bank of Commerce and United Bank of India will amalgamate into Punjab National Bank Syndicate Bank into Canara Bank

2019年1月4日 · A merger is an agreement between entities where they pool in their assets and liabilities and become one entity. The merger of Public Sector Banks (PSBs) is where the …

2024年7月1日 · Out of the two options that the government is considering, the first option could be the merger of UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, and Central Bank of India. The second option is to merge with Union Bank of India, Canara Bank or Indian Bank according to the banking software.

2023年12月18日 · On August 30, 2019, finance minister Nirmala Sitharaman had announced the merger of 10 state-run banks into four. According to this plan, Punjab National Bank absorbed Oriental Bank of Commerce...

2019年8月30日 · Finance Minister Nirmala Sitharaman today announced four mega-mergers, comprising of 10 PSB banks. In a major reform measure, the Central government on Friday …

2024年7月30日 · The Merger of Public Sector Banks (PSBs) in India, also known as the Consolidation of Public Sector Banks in India, refers to the process of combining smaller and weaker banks with larger and stronger ones to create more robust, efficient, and competitive banking entities.

2019年9月1日 · Finance Minister Nirmala Sitharaman Friday announced the merger of several Public Sector Banks (PSBs) in order to revive and revitalise the banking sector with the objective of achieving the $5 trillion economy target.

In August 2019, it was announced that 10 public sector banks would be merged into 4. After this, 4 more mergers were announced. In total, now there are 12 public sector banks operating after the bank merger in India. Here is a list of all the public sector banks that were merged into other banks to make them more robust.

2022年7月12日 · In August 2019, PM Narendra Modi announced a mega-merger of 10 Public Sector Undertaking (PSU) banks in India into four. The following year, FM Nirmala Sitharaman conveyed the cabinet’s approval of the same. She also said that the merger would take place after the boards of the banks met and decided how to take things further.

On 30 August 2019, the Finance Minister announced the merger of Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with Punjab National Bank (PNB). PNB became the second-largest public sector bank (PSB) in India with ₹17.95 lakh crore (US$220 billion) in assets and 11,437 branches.