The finance minister Mrs. Nirmala Sitaraman has proposed the merger of __________and __________Into Punjab National Bank
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. Oriental Bank of Commerce and United Bank of India
In 2019, Finance Minister Nirmala Sitharaman proposed the merger of Oriental Bank of Commerce and United Bank of India into Punjab National Bank. This was part of a larger consolidation plan by the government to create fewer, stronger, and larger public sector banks in India. The merger officially came into effect on April 1, 2020, making Punjab National Bank the second-largest public sector bank in the country after the State Bank of India.