Question : With effect from the 1st of April 2020, The United Bank of India has been merged with which among the following Banks?
Option 1: Bank of Baroda
Option 2: Punjab National Bank
Option 3: State Bank of India
Option 4: Canara Bank
Correct Answer: Punjab National Bank
Solution : The correct answer is Punjab National Bank.
The United Bank of India merged with Punjab National Bank along with the Oriental Bank of Commerce with effect from 1 April 2020. After the Merger, the Punjab National Bank has become the second largest public sector bank in India, and the largest public sector bank is the State Bank of India.
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