This will become the 4 largest banks with a merger of 10 banks, name and identity will be changed tomorrow

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New Delhi, 31 March 2020 Tuesday

From April 1, the number of government banks will be reduced to 4 due to the merger of ten banks. With that, the total number of government banks in India will be reduced to 12. 55,250 crore will be given to these banks. Out of that, Punjab National Bank alone will get Rs 16,000 crore. Orient Bank of Commerce and United Bank of India will merge with Punjab National Bank. After the merger, it will become the second largest bank in the country with 17.95 lakh crore business and 11,437 branches.

From April 1, the number of government banks will be reduced to 4 due to the merger of ten banks

After Canara Bank merger with Syndicate Bank, it will become the fourth largest public sector bank. Its capital will be Rs 15.20 lakh crore. It will have 10,324 branches in the country. Besides, Union Bank of India, Andhra Bank and Corporation Bank will be a bank together. It will be the fifth largest public sector bank in India with a turnover of Rs 14.59 lakh crore and has 9609 branches.

The main things

From April 1, the bank's mahramgarh

Four banks will be formed by the merger of the bank

The number of government banks will be reduced to 4

After the merger, banks will be given Rs

PNB will become the country's second largest public bank

The total number of government banks in India will be reduced to 12

Indian banks and Allahabad banks will merge. Its trading capital will be Rs 8.08 lakh crore. After the bank merger, the customer can get a new account number and customer ID. This requires that the customer's email address and mobile number be updated with the bank's branch. So as to get information about the changes made by the banks. All of your accounts can be tagged with a single Customer ID.

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