2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As the governments move of merger of 10 PSBs into 4, Syndicate Bank will be absorbed by which bank?
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State Bank of India
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Bank of Baroda
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Punjab National Bank
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Canara Bank
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Explanation:
Detailed explanation-1: -Canara Bank will take over Syndicate Bank. Union Bank of India will take over Andhra Bank and Corporation Bank. Indian Bank will be merged with Allahabad Bank.
Detailed explanation-2: -In the biggest consolidation exercise in the banking space, the government in August 2019 had announced the merger of 10 public sector lenders into four bigger and stronger banks. With this, the number of public sector banks in India will come down to 12 from 27 in 2017.
Detailed explanation-3: -Government of India (GoI) has consolidated 10 Public Sector Banks into 4 banks.
There is 1 question to complete.