What are the banks merged in India recently?

Corporation Bank and Andhra Banks was merged with Union Bank of India, Syndicate Bank was merged with Canara Bank, Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank. While Allahabad Bank was merged with Indian Bank. These got operational from April 2020.

Which bank has merged recently?

*State Bank of India was merged with its associate banks and Bharatiya Mahila Bank in 2017….List of Merged Banks in 2021.

Anchor Bank Banks Merged
Punjab National Bank Oriental Bank of Commerce United Bank of India
Canara Bank Syndicate Bank
Indian Bank Allahabad Bank
Union Bank of India Andhra Bank Corporation Bank

Which banks are merged recently 2021?

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.

How many banks merged recently?

Currently, there are 12 PSUs out of 27 earlier, including Bank of Baroda and State Bank of India. State Bank of India merger with its Associate Banks and Bharatiya Mahila Bank was in the year 2017, and the merger of Bank of Baroda, Vijaya Bank and Dena Bank was in the year 2019.

Which banks are merging 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 4 banks are going to merge?

As per the mega consolidation plan, Oriental Bank of Commerce and United Bank of India will merge into Punjab National Bank (PNB); Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; and Allahabad Bank into Indian Bank.

Is UCO Bank getting merged?

Indian bank will be merged with Allahabad Bank. 6. Indian Overseas Bank, Uco Bank, Bank of Maharashtra, Punjab and Sind Bank, Bank of India, Central Bank of India will remain the independent banks. 7.

What are the recent trends in banking sector?

It allows the customers to perform all day to day bank activities without interacting with any humans. Furthermore, these facilities are also used for the payment of funds, utility bills, etc. The other trends in the banking sector include a point of sale terminal, telebanking, and electronic data interchange.

What are recent changes in banking sector?

With effect from April 1, 2020, Syndicate Bank has merged with Canara Bank. With effect from April 1, 2020, Allahabad Bank has merged with Indian Bank. With effect from April 1, 2020, Andhra Bank and Corporation Bank of India have merged with Union Bank of India.

Which banks are merged in 2020?

Bank Merger List India 2020-2021

# Acquiring bank Amalgamated bank
1 Indian Bank Allahabad Bank
2 Punjab National Bank Oriental Bank of Commerce
3 Punjab National Bank United Bank
4 Union Bank of India Andhra Bank

What 3 banks merged 2019?

Dena and Vijaya Bank were merged with Bank of Baroda with effect from April 1, 2019. Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank (PNB).