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, the banks Oriental Bank of Commerce and United Bank of India 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: -1) Oriental Bank of Commerce (OBC) and United Bank of India will be merged into Punjab National Bank (PNB). After the merger, these together will form the second-largest public sector bank in the country, after State Bank of India (SBI).
Detailed explanation-2: -After the massive merger, the total number of Public Sector Banks (PSBs) in India has come down from 27 banks in 2017 to 12 in 2021.
There is 1 question to complete.