Bank Mergers and Headquarters Flashcards

Public sector bank mergers and headquarters.

Bank nationalisation

14 banks on 19 July 1969; 6 more in 1980.

SBI merger (2017)

5 associate banks and Bharatiya Mahila Bank merged into SBI.
HQ: Mumbai.

Bank of Baroda merger (2019)

Vijaya Bank and Dena Bank merged into Bank of Baroda.
HQ: Vadodara.

Punjab National Bank merger (2020)

Oriental Bank of Commerce and United Bank of India merged into PNB.
HQ: New Delhi.

Canara Bank merger (2020)

Syndicate Bank merged into Canara Bank.
HQ: Bengaluru.

Union Bank of India merger (2020)

Andhra Bank and Corporation Bank merged into Union Bank.
HQ: Mumbai.

Indian Bank merger (2020)

Allahabad Bank merged into Indian Bank.
HQ: Chennai.

Number of public sector banks after 2020 mergers

12.

HDFC merger (2023)

HDFC Ltd merged into HDFC Bank on 1 July 2023.

First bank started entirely with Indian capital

Punjab National Bank (founded 1894, Lahore).