Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

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Which of the following Public Sector Banks has ceased to exist as an independent entity since 1st April 2020?

A.
Bank Of Baroda
B.
United Bank of India
C.
Canara Bank
D.
Punjab National Bank

Solution:

The correct answer is the United Bank of India. United Bank of India is now merged with Punjab National Bank. It is now operated as a subsidiary of Punjab National Bank. Headquarters: Kolkata, West Bengal. Mergers of BanksOriental Bank Of Commerce and United Bank of India will be merged into Punjab National Bank. Syndicate Bank will now be part of the Canara Bank. Indian Bank will be merged into Allahabad Bank. Union Bank of India will be merged with Andhra Bank and Corporation Bank. Additional InformationBanksHeadquartersMD&CEOBank of BarodaVadodaraSanjiv ChadhaCanara BankBengaluruTN ManoharanPunjab National BankNew DelhiS. S. Mallikarjuna Rao

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