Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.147)


As the governments move of merger of 10 PSBs into 4, Syndicate Bank will be absorbed by which bank?

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

Answer: Option D


Canara Bank will absorb Syndicate Bank, giving it a combined business of Rs 15.2 lakh crore and ranking it at fourth, while Union Bank of India will amalgamate with Andhra BankNSE 7.65 % and Corporation Bank (Rs 14.59 lakh crore, fifth).

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