Govt announces mega merger of PSBs: Here’s the full list

Public Sector Banks Merger: Full List of Merged Banks in India

# Punjab National Bank, Oriental Bank of Commerce and United Bank to merge to form India’s second-largest bank.

# Canara Bank to merge with Syndicate Bank to create 4th largest public sector bank with Rs 15.20 lakh crore business.

# Union Bank, Andhra Bank, Corporation Bank to merge to become India’s 5th largest public sector bank with Rs 14.59 lakh crore business.

# Indian Bank and Allahabad Bank to merge to create 7th largest public sector bank with Rs 8.08 lakh crore business.

# Bank of India, Central Bank of India will continue as public sector banks.

(With PTI inputs)