• Welcome to OnlyTech Forums
    An online community for the tech enthusiasts!
    Log in or Register

Breaking Merger of 10 public sector banks to come into effect from today!

hike

Member
Joined
1 Aug 2014
Messages
3,947
Solutions
1
Reaction score
4,042
1) OrientalBankOfCommerce (OBC) and UnitedBankOfIndia (UBI) will be merged into PunjabNationalBank (PNB).

2) SyndicateBank will be merged into CanaraBank.

3) IndianBank will be merged with AllahabadBank.

4) UnionBankOfIndia will be merged with AndhraBank and CorporationBank.

Customers, including depositors of merging banks will be treated as customers of the banks in which these banks have been merged with effect from 1 April 2020.

Link : Merger of 10 public sector banks to come into effect from today: 10 points
 

hike

Member
Joined
1 Aug 2014
Messages
3,947
Solutions
1
Reaction score
4,042
Guys have a look at this. OBC started working as PNB.
 

IndiaN

Contributor
Joined
19 Sep 2013
Messages
2,630
Reaction score
2,077
Need correction in 4th point
It's saying one bank merge into 2 banks
 

Maheswar

Member
Joined
2 Apr 2018
Messages
419
Reaction score
439
Sl.no.4 - It is actually Andhra Bank and Corporation Bank that are merging with Union Bank of India. It means Andhra Bank and Corporation cease to exist and the combined entity will be functioned as Union Bank Of India.
 

WizarD

Member
Joined
16 Apr 2018
Messages
623
Reaction score
827
comparision-after-bank-mergers_for-website.jpg
 
Top Bottom