In the mega consolidation in public sector banks in 2020, which of the following banks were merged into Union Bank of India?
Show answer & explanation
Correct answer: C
Explanation
Correct Answer:
Option 3: Andhra Bank and Corporation Bank
Explanation:
In the 2020 mega consolidation of public sector banks, Andhra Bank and Corporation Bank were merged into Union Bank of India. The aim was to strengthen the banking system and improve operational efficiency.
After this merger, Union Bank of India became a larger public sector bank.
Additional Facts:
Option 1: Oriental Bank of Commerce and United Bank of India were merged into Punjab National Bank.
Option 2: Syndicate Bank was merged into Canara Bank.
Option 4: Allahabad Bank was merged into Indian Bank.
Probable Exam Questions:
Q: Which banks merged into Punjab National Bank in 2020?
A: Oriental Bank of Commerce and United Bank of India
Q: Which bank merged with Canara Bank?
A: Syndicate Bank
Q: Which bank merged with Indian Bank?
A: Allahabad Bank
Q: When was bank nationalisation done in India?
A: 1969