Banking game changer gets Cabinet nod, 10 PSBs to soon turn into four mega banks

As per the plan, United Bank of India and Oriental Bank of Commerce would merge with Punjab National Bank, making the proposed entity the second largest public sector bank. Syndicate Bank will be merged with Canara Bank, and Allahabad Bank with Indian Bank. Similarly, Andhra Bank and Corporation Bank are to be clubbed with Union Bank of India.

from Banking/Finance-Industry-Economic Times https://ift.tt/3asqdQw