A bank merger is when two or more banks combine their operations and resources to form a single entity. The resulting bank is usually larger and has more resources, which can lead to cost reductions.
Recent Merged Banks
| Date of Merger | Merged Entities | Resulting Bank |
|---|---|---|
| April 2019 | Bank of Baroda, Vijaya Bank, and Dena Bank | Bank of Baroda (BoB) |
| April 2020 | Punjab National Bank (PNB), Oriental Bank of Commerce (OBC), and United Bank of India (UBI) | Punjab National Bank (PNB) |
| April 2020 | Canara Bank and Syndicate Bank | Canara Bank |
| April 2020 | Indian Bank and Allahabad Bank | Indian Bank |
| April 2020 | Union Bank of India, Andhra Bank, and Corporation Bank | Union Bank of India |
