Bank Merge List of The Latest PSB Mergers in India
Earlier, this year the finance minister Nirmala Sitharaman has announced the merger of 10 public sector banks (PSBs). With the success of the previous PSB merger, the government decided to come up with the second phase of the bank merger in which 10 PSB would merge. The benefit of this merger is that it can help in supporting the small banks and increases their lending capacity in the market. To know the bank merge list of the 2nd PSB merger read the given article. Bank merge list for the 2nd PSB Merger Second largest PSB merger: The merger of Punjab National Bank (PNB) with Oriental Bank Of Commerce and United Bank Of India (UBI) would make PNB the largest PSB in India after SBI. Because PNB is a large sector bank owned by the government and after merging with Oriental Bank and United Bank its fund prices increases so do its lending capacity. Fourth largest PSB merger: Canara Bank is merging with Syndicate Bank according to the bank merge list. The current non-processing ...