Question 1

Which bank was merged with the Punjab National Bank in 1993, marking a significant early merger in Indian banking?

Accepted Answer

New Bank of India. The New Bank of India was merged with Punjab National Bank due to financial losses. This was the first merger between two nationalized banks in India. It helped in stabilizing the banking structure during the early liberalisation era.

Question 2

With which anchor bank were the Oriental Bank of Commerce and United Bank of India merged in April 2020?

Accepted Answer

Punjab National Bank. Punjab National Bank acted as the anchor bank for this three-way merger. This consolidation created the second-largest public sector bank in India. The merger aimed to enhance the global competitiveness of the institution.

Question 3

In 2019, Vijaya Bank and Dena Bank were merged with which of the following banks?

Accepted Answer

Bank of Baroda. Vijaya Bank and Dena Bank were amalgamated into the Bank of Baroda. This was the first ever three-way merger of public sector banks in India. It resulted in the creation of India's third-largest lender at that time.

Question 4

The Syndicate Bank was merged with which anchor bank effective from April 1, 2020?

Accepted Answer

Canara Bank. Syndicate Bank was merged into Canara Bank as part of the mega-consolidation plan. This merger combined the strengths of two large South India-based banks. It helped in achieving better operational efficiency and a wider branch network.

Question 5

Which bank became the anchor bank for the merger of Andhra Bank and Corporation Bank?

Accepted Answer

Union Bank of India. Union Bank of India absorbed both Andhra Bank and Corporation Bank in 2020. This merger significantly increased the bank's footprint in Southern India. The consolidation was intended to build scale and reduce capital requirements.

Bank Mergers — Set 1