In the year 2020, the Oriental Bank of Commerce (OBC) and the United Bank of India were merged with which of the following banks?

Correct option is A

​The correct answer is (a) Punjab National Bank.

•  In 2020, the Oriental Bank of Commerce (OBC) and the United Bank of India were merged with Punjab National Bank (PNB), making PNB the second-largest public sector bank in India by assets.
• This merger was part of the government's efforts to consolidate public sector banks to create stronger, more competitive entities in the financial sector. • As a result, PNB absorbed the operations, assets, and liabilities of OBC and United Bank, helping to strengthen its network and expand its reach.

Information Booster:

• The Indian government aimed to improve the efficiency, financial health, and competitive standing of public sector banks through mergers.
• The total number of PSBs after consolidation has come down to 12 from 27

Recently Amalgamated Bank:

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