Govt considers merging 26 banks into six big lenders.

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  • 1. SBI,
    2. PNB,
    3. Canara Bank,
    4. Union Bank,
    5. Bank of Baroda and
    6. Bank of India
    said to be leading merger, as per a government proposal.
  • As a part of the proposal, Syndicate Bank, IOB and UCO Bank will be merged with Canara bank.
  • Central Bank and Dena Bank will be merged with Union Bank, the official said.
  • Other banks like;
    1. Andhra Bank,
    2. Bank of Maharashtra,
    3. Vijaya Bank
    will be merged with Bank of India.

Quick Question for Bank PO/ IBPS Exams 2016-17:

Central government has considered of merging, how many banks into six big lenders? 
 - 26.

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