CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Centre is reportedly planning the amalgamation of Punjab National Bank (PNB), Andhra Bank and
A
Oriental Bank of Commerce (OBC)
B
Bank of Baroda (BoB)
C
Central Bank of India (CBI)
D
Bank of India (BOI)
Explanation: 

Detailed explanation-1: -The Bank, having its headquarters at Mumbai (India), was registered on November 11, 1919 as a limited company. Recently, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India with effect from 01.04.

Detailed explanation-2: -Indian Bank The bank got Rs. 2500 crore worth of capital from the Indian government to complete this merger. On 1st April 2022, the Bank of Baroda (BoB) acquired Vijaya Bank and Dena Bank, bringing the combined employee count to 85, 675 and total branches to 9500+.

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