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The Finance Minister, Mrs. Nirmala Sitharaman, proposed the merger of ________ and ________ into Punjab National Bank.

  1. A
    Andhra Bank and Corporation Bank
  2. B
    Oriental Bank of Commerce and United Bank of India
  3. C
    Allahabad Bank and Indian Bank
  4. D
    Dena Bank and Canara Bank

Solution & Step-by-step Explanation

In August 2019, the mega-merger scheme of public sector banks was announced, in which the Oriental Bank of Commerce (OBC) and United Bank of India were merged into Punjab National Bank (PNB) to form the second-largest public sector bank.

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The Finance Minister, Mrs. Nirmala Sitharaman, proposed the merger of ________ and ________ into Punjab National Bank.
A
Andhra Bank and Corporation Bank
B
Oriental Bank of Commerce and United Bank of India
C
Allahabad Bank and Indian Bank
D
Dena Bank and Canara Bank

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Banking sectorMergers and AcquisitionsIndian Economy

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