2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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31st March 2020
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1st April 2020
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30th April 2020
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1st May 2020
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Detailed explanation-1: -Government of India (GoI) has consolidated 10 Public Sector Banks into 4 banks.
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+.
Detailed explanation-3: -Apart from five of its associate banks (merged with SBI since 1 April 2017), SBI’s non-banking subsidiaries include: SBI Capital Markets Ltd.
Detailed explanation-4: -However, IOB, Bank of Maharashtra, Punjab and Sind Bank, Bank of India, Central Bank of India and UCO Bank, which are region-centric, will remain as independent entities.