Bank Mergers
There are a total of 12 Public Sector Banks in India after the Mega-Merger. Among these, there are six merged banks and six independent public sector banks. Merged Banks - SBI, PNB, BoB, Indian Bank, Canara Bank and Union Bank of India Independent Banks - Uco Bank, BoM, Punjab & Sindh Bank, BoI, Central Bank of India, and Indian Overseas Bank. Oriental Bank of Commerce (OBC) and United Bank of India (UBI) are merged into Punjab National Bank. After the merger, the PNB will become the second-largest PSB after SBI. Syndicate Bank is merged with Canara Bank and the combined entity will be the fourth largest PSB. Allahabad Bank is merged with Indian Bank and all its branches will be treated as the branches of Indian bank. Andhra Bank and Corporation Bank is merged with Union Bank of India.