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List of Merger of Public Sector Banks in India 2020

Reserve Bank of India is announced to combine a few Banks with each and develop the strong customer service Support and maintain their relationship with their customers.

The merger would be effective from April 1, 2020.
...
According to the plan:
  • Punjab National Bank will take over Oriental Bank of Commerce and United Bank.
  • Canara Bank will take over Syndicate Bank.
  • Union Bank of India will take over Andhra Bankand Corporation Bank.
  • Indian Bank will be merged with Allahabad Bank.

Sl. NoAcquirer BanksBanks to be Merged
1.Punjab National Bank(PNB)Oriental Bank of Commerce and United Bank of India
2.Indian BankAllahabad Bank
3.Canara BankSyndicate Bank
4.Union Bank of IndiaAndhra Bank and Corporation Bank


  • MICR CODE  OF ALL MERGER BANKS 


1. PUNJAB NATIONAL BANK (PNB) & ORIENTAL BANK OF COMMERCE  AND UNITED BANK OF INDIA 

2. ALLAHABAD BANK & INDIAN BANK 

3 . CANARA BANK & SYNDICATE BANK

4. UNION BANK OF INDIA & ANDHRA BANK AND CORPORATION BANK





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