Bank Mergers — Set 1
Banking · बैंक विलय · Questions 1–10 of 50
Which bank was merged with the Punjab National Bank in 1993, marking a significant early merger in Indian banking?
Correct Answer: D. New Bank of India
The New Bank of India was merged with Punjab National Bank due to financial losses. This was the first merger between two nationalized banks in India. It helped in stabilizing the banking structure during the early liberalisation era.
With which anchor bank were the Oriental Bank of Commerce and United Bank of India merged in April 2020?
Correct Answer: B. Punjab National Bank
Punjab National Bank acted as the anchor bank for this three-way merger. This consolidation created the second-largest public sector bank in India. The merger aimed to enhance the global competitiveness of the institution.
In 2019, Vijaya Bank and Dena Bank were merged with which of the following banks?
Correct Answer: D. Bank of Baroda
Vijaya Bank and Dena Bank were amalgamated into the Bank of Baroda. This was the first ever three-way merger of public sector banks in India. It resulted in the creation of India's third-largest lender at that time.
The Syndicate Bank was merged with which anchor bank effective from April 1, 2020?
Correct Answer: C. Canara Bank
Syndicate Bank was merged into Canara Bank as part of the mega-consolidation plan. This merger combined the strengths of two large South India-based banks. It helped in achieving better operational efficiency and a wider branch network.
Which bank became the anchor bank for the merger of Andhra Bank and Corporation Bank?
Correct Answer: C. Union Bank of India
Union Bank of India absorbed both Andhra Bank and Corporation Bank in 2020. This merger significantly increased the bank's footprint in Southern India. The consolidation was intended to build scale and reduce capital requirements.
With which bank was the Allahabad Bank merged in the 2020 consolidation exercise?
Correct Answer: A. Indian Bank
Allahabad Bank, one of the oldest joint stock banks, was merged into Indian Bank. This helped Indian Bank become a pan-India entity with a strong presence in the North and East. The merger process involved the integration of diverse regional banking cultures.
In which year did all the five associate banks of State Bank of India merge with the parent SBI?
Correct Answer: A. 2017
State Bank of India merged its five associate banks and Bharatiya Mahila Bank on April 1, 2017. This massive exercise propelled SBI into the top 50 global banks by asset size. It aimed to remove operational redundancies within the SBI group.
Which was the first associate bank of SBI to be merged with the parent bank back in 2008?
Correct Answer: D. State Bank of Saurashtra
State Bank of Saurashtra was the first associate to be merged with SBI in August 2008. This started the long-term plan of consolidating the SBI group into a single entity. State Bank of Indore was the second to merge in 2010.
The Bharatiya Mahila Bank (BMB) was merged with which bank to ensure better outreach to women customers?
Correct Answer: D. State Bank of India
Bharatiya Mahila Bank was merged into State Bank of India in 2017. The merger was intended to utilize SBI's vast network to provide specialized services to women. SBI had been the parent entity managing BMB since its inception.
Global Trust Bank was merged with which public sector bank in 2004 due to net worth erosion?
Correct Answer: D. Oriental Bank of Commerce
Oriental Bank of Commerce took over the crisis-hit Global Trust Bank in August 2004. This was a swift action by the Reserve Bank of India to protect depositors' interests. It prevented a systemic shock to the private banking sector.