Which of the following banks was merged with Indian Bank from April 1, 2020?

Question

Question

This question was previously asked in

SSC Steno Previous Paper 19 (Held on: 24 Dec 2020 Shift 1)

Answer 1

The correct answer is Allahabad Bank

Important Points

The government plans to merge 10 public sector banks into 4.
The number of nationalized banks in the country becomes 27 in 2017 to 12 at present.
In a first three-way amalgamation, Vijaya Bank and Dena Bank will merge with Bank of Baroda (BoB) from April 1, 2019, to create the third-largest lender of the country.

Additional Information

New mergers include:
- Punjab National Bank, Oriental Bank of Commerce, and the United Bank of India will combine to form the nation’s second-largest lender. Canara Bank and Syndicate Bank.
- Union Bank of India will amalgamate with Andhra Bank and Corporation Bank.