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PNB, OBC and United B​​ank to be merged, says Nirmala Sitharaman

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Continuing with NDA's public sector units (PSU banks) merger agenda, Finance Minister Nirmala Sitharaman today met the chiefs of public sector lenders and announced the merger of PNB, OBC, United Bank of India. In another announcement, FM announced the merger of Canara bank with Syndicate Bank. In third announcement, Union Bank will be merged with Andhra Bank and Corporation Bank. In fourth consolidation of banks, Allahabad Bank will be merged with Indian Bank.

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