alleryThe major bank merger of August 2019 reduced number of PSBs from 21 to:
A15
B8
C20
D12 (10 PSBs merged into 4; effective April 2020)
Answer & Solution
Correct answer: D. 12 (10 PSBs merged into 4; effective April 2020)
PSB consolidation (effective April 2020): PNB+OBC+UBI
Canara+Syndicate; Union+Andhra+Corp
Indian Bank+Allahabad.
Reduced PSBs to 12. Aim: create stronger, more globally competitive banks.
Earlier mergers in 2017 (SBI + associates)
2019 (BOB + Vijaya + Dena).
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