Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.42)

42. 

As the governments move of merger of 10 PSBs into 4, the banks Oriental Bank of Commerce and United Bank of India will be absorbed by which bank?

[A]. State Bank of India
[B]. Bank of Baroda
[C]. Punjab National Bank
[D]. Canara Bank

Answer: Option C

Explanation:

Punjab National Bank will absorb Oriental Bank of Commerce and United Bank of India to form the nation's second-largest state-owned lender with combined business of Rs 17.94 lakh crore, overtaking Bank of Baroda with Rs 16.13 lakh crore. SBI leads state-owned banks with business of Rs 52.05 lakh crore.

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