Indian Bank will be merged with ..... to become the 7th largest public sector bank with business of Rs 8.08 lakh crore.

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Indian Bank will be merged with ____ to become the 7th largest public sector bank with business of Rs 8.08 lakh crore.

A	Corporation Bank
B	Andhra Bank
C	Syndicate Bank
D	Allahabad Bank

Explanation:

Detailed explanation-1: -* Indian Bank will be merged with Allahabad Bank.It will be the seventh largest Public Sector Bank with business of Rs 8.08 lakh crore.

Detailed explanation-2: -Indian Bank Indian Bank is the seventh largest bank in the country, after the merger of Kolkata-based Allahabad Bank.

Detailed explanation-3: -After Allahabad Bank is merged with Indian Bank, the latter would be the 7th largest PSB at Rs. 8.08 tn.

Detailed explanation-4: -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+.

Detailed explanation-5: -Canara Bank: Canara Bank is the eighth largest bank in India. It was founded in 1906 and has over 2,000 branches across the country. It offers a range of banking and financial services, including consumer banking, corporate banking, investment banking, and wealth management.

There is 1 question to complete.