BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which nationalised bank was merged with Punjab National bank in 1993?
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Punjab and Sind Bank
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Ludhiana Area bank
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Majha united bank
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New Bank of India
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Explanation:
Detailed explanation-1: -All nation-wide branches of United Bank of India and Oriental Bank of Commerce will now function as Punjab National bank (PNB) branches while all customers, including depositors, will be treated as PNB customers.
Detailed explanation-2: -Later on, in the year 1993, the government merged New Bank of India with Punjab National Bank. It was the only merger between nationalised banks and resulted in the reduction of the number of nationalised banks from 20 to 19.
Detailed explanation-3: -Oriental Bank and United Bank merged with Punjab National Bank on April 1, 2020.
There is 1 question to complete.