As per the merger of public sector banks, effective from 1 April 2020, which of the following banks was merged with the Union Bank of India?

The correct answer is Corporation Bank.

Key Points

• The Reserve Bank of India announced through a circular that the massive merger of 10 PSBs will go into effect on April 1, 2020, the first day of the next fiscal year.
• Beginning on April 1, 2020, all Andhra Bank and Corporation Bank branches will function as Union Bank of India branches.
• Customers of Corporation Bank and Andhra Bank, as well as their depositors, will be regarded as Union Bank of India clients. 
• Union Bank of India
  • Founded: 11 November 1919
  • Headquarters: Mumbai
  • Current CEO: Ms. A. Manimekhalai 

Additional Information

•  All Oriental Bank of Commerce and United Bank of India branches will function as Punjab National Bank branches beginning on April 1, 2020.
• Customers of United Bank of India and Oriental Bank of Commerce, as well as their depositors, would also be treated as Punjab National Bank clients.
• Punjab National Bank
  • Founded: 19 May 1894
  • Headquarters: Delhi, India
  • MD & CEO: Atul Kumar Goel
• All of Allahabad Bank's branches will function as Indian Bank branches beginning on April 1, 2020.
• Customers of Allahabad Bank, including its depositors, would also be treated as such by Indian Bank.
• Indian Bank
• • Founded: 15 August 1907

  • Headquarters: Chennai

  • CEO: Shri Shanti Lal Jain 
• All Syndicate Bank branches will function as Canara Bank branches beginning on April 1, 2020.
• Customers of Syndicate Bank, including their depositors, will also be treated as Canara Bank clients.
• Canara Bank:
  • Founded: 1 July 1906
  • Headquarters: Bengaluru
  • CEO: Lingam Venkat Prabhakar