PUBLIC SECTOR BANK MERGING
10 Public Sector Bank To Be Merged into Four Bank Finance minister Nirmla Sitharaman has announced to merge ten top public sector bank into Four bank. Defence minister Nirmla Sitharaman unveiling to PSB reforms at a press conference in New Delhi. She said - 1. Canara bank and Syndicate bank to be merged, 2. Punjab National bank(PNB), Oriental bank of commerce(OBC) and United bank of India(UBI) to be merged. 3. Indian bank and Allahabad Bank to be merged. 4. Union Bank, Andhra bank and Corporation bank to be merged. Finance minister Nirmla Sitharaman announced a big news on Friday ten public sector bank to be merged into four. Under this amalgamation canara bank and Syndicate bank to be merged ( anchor bank - Canara bank ). Punjab National bank, Oriental bank of commerce and United bank of India to be merged ( anchor bank - Punjab National bank ). Indian Bank to be merged with Allahabad bank. ( Anchor bank - Indian Bank ). In place of 27 public sector bank in