With which of the following anchor banks were Oriental Bank of Commerce and United Bank of India merged?

Correct option is D

The correct answer is (d) Punjab National Bank
Explanation:
· On 1 April 2020, Oriental Bank of Commerce (OBC) and United Bank of India (UBI) were merged with Punjab National Bank (PNB) as part of the Government of India's mega public sector bank consolidation plan.
· After the merger, PNB became the second-largest public sector bank in India, after the State Bank of India (SBI), in terms of business and branch network.
Information Booster:
· The merger aimed to create globally competitive banks with strong financials, greater operational efficiency, and improved lending capacity.
· The merged entity has over 11,000 branches and more than 180 million customers.
Additional Knowledge:

Indian Bank (Option a) . Served as the anchor bank for Allahabad Bank during the 2020 merger.
Union Bank of India (Option b) . Anchor bank for Andhra Bank and Corporation Bank.
Canara Bank (Option c) . Merged with Syndicate Bank in the same consolidation drive.