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Which bank recently (in April 2019) became the 3rd largest bank of India after the merger with two other banks?
Question

Which bank recently (in April 2019) became the 3rd largest bank of India after the merger with two other banks?

A.

Bank of Baroda

B.

Punjab National Bank

C.

State Bank of India

D.

Indian bank

Correct option is A

The correct answer is (a) Bank of Baroda.
· In April 2019, Bank of Baroda became the third largest bank in India after merging with Dena Bank and Vijaya Bank.
· This merger was aimed at creating a stronger and more competitive banking entity with enhanced financial stability and a wider reach.
· The combined bank now has an extensive network of branches and ATMs across the country, providing a broader range of financial services to customers.
Information Booster:
Punjab National Bank (PNB):
· PNB became the second-largest public sector bank in India after its merger with Oriental Bank of Commerce and United Bank of India in 2020.
State Bank of India (SBI):
· SBI is the largest bank in India and became even larger after merging with its five associate banks and Bharatiya Mahila Bank in 2017.
Indian Bank:
· Indian Bank merged with Allahabad Bank in 2020, but it is not among the top three largest banks in India.

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