Complete List of Merger of Banks in India 2021

List of Merger of Banks in India

If you are searching for list of merger of Banks in India then you are at right place. We published details regarding Nationalization of banks, List of merger in 2017 to 2020.

The public sector Banks in India are backbone of Indian economy. Before liberalization of indian Banking Industry, Indian banks were nationalized. The reason behind Nationalization was development of social poor class. Banking sector is governed by Reserve Bank of India.

The Merger of Public sector Banks happened in 2017, 2018, 2019, 2020. We will study in detailed about this mergers. List of Merger of Banks in India from Starting is shown below.

Anchor Bank Amalgamated bank Acquisition Year
Indian Bank Allahabad Bank 1 April 2020
Punjab National Bank Oriental Bank of Commerce 1 April 2020
Punjab National Bank United Bank 1 April 2020
Union Bank of India Andhra Bank 1 April 2020
Union Bank of India Corporation Bank 1 April 2020
Canara Bank Syndicate Bank 1 April 2020
State Bank of India State Bank of Bikaner & Jaipur 31 March 2017
State Bank of India State Bank of Hyderabad 31 March 2017
State Bank of India State Bank of Mysore 31 March 2017
State Bank of India State Bank of Patiala 31 March 2017
State Bank of India State Bank of Travancore 31 March 2017
State Bank of India Bharatiya Mahila Bank 31 March 2017

Also read, Latest Bank Merger List 2020 India PDF : Click here

Bank Merger list 2020-2021 india

In 2020, when Yes bank was in credit crisis then State Bank of India made strategic investment at that time. Many other private Banks of india invested their money in Yes Bank. list of merger of Banks in India is published below, you can check if your bank is amalgamated.

Their is proposal for 6 Public sector Bank merger in 2020-2021 in India. But matter is still in consideration. During budget session Nirmala Sitharam announced that two state-run banks will be privatized in India.

According to Router report four banks on the shortlist. These Banks are Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India.

List of Merger of Banks in India

List of Merger of Banks in India

Nationalised Banks in India 2019 After Merger

The mega merger of public sector Bank’s was announced in 2019 by Nirmala Sitharaman. According to mega merger the 6 public sector bank amalgamated into 4 anchor banks. So the Number of Nationalised Banks in India after 2019 merge stood at 12 Nationalized Bank.

Many website publish incomplete information regarding Nationalised bank but the real number of Nationalised Banks in India after 2019 mega merger stood at 12. The mega merger happened between 10 Banks. Now in India, six merged banks and six independent banks are nationalized Bank.

list of merger of Banks in India is completed. After merger below 12 PSU remaining which are government Bank.

Below is list of Nationalised Banks in India 2019 After Merger

  1. State Bank of India
  2. Bank of Baroda
  3. Punjab National Bank
  4. Canara Bank
  5. Union Bank of India
  6. Indian Bank
  7. Indian Overseas Bank
  8. UCO Bank
  9. Bank of Maharashtra
  10. Punjab and Sind Bank
  11. Central Bank of India
  12. Bank of India

Bank Merger list 2019-2020 India

In 2019, our Finance Minister Nirmala Sitharaman announced more Merger of Public sector Banks in India. The government want to minimize the number of Public sector bank. The Bank merger happened between 10 public sector banks. The 6 Public sector bank was amalgamated into 4 Banks.

The merger of these PSU Banks announced in 2019 but effected from 2020.

The list of Bank merger you can find at below in Below table.

Anchor Bank Amalgamated bank Acquisition Year
Indian Bank Allahabad Bank 1 April 2020
Punjab National Bank Oriental Bank of Commerce 1 April 2020
Punjab National Bank United Bank 1 April 2020
Union Bank of India Andhra Bank 1 April 2020
Union Bank of India Corporation Bank 1 April 2020
Canara Bank Syndicate Bank 1 April 2020

Also read, PSU Bank Mega Merger | Bank Merger List 2019 India : Click here

Bank Merger list 2018 India

2018 year in Banking industry was one of difficult year. The Dena Bank was in credit crunch. The NPA in Dena Bank was soaring day by day. To save Dena Bank’s customer, government of India announced merger of Dena Bank with bank of Baroda.

The Bank of Baroda was well positioned government Bank. Bank of Baroda agreed with Government of India after Vijaya Bank’s merger with BOB. Vijaya Banl was profitable Bank during 2018. So after heavy discussion Vijaya Bank and Dena Bank were merged into Bank of Baroda.

Bank Merger list 2017 India

In 2017 State Bank of India merged its 6 subsidiary Bank into It. State Bank of India is largest public sector Bank in India. State Bank of India was one of oldest Banks in India.

The merger was effected from 1 April 2017. Below is list of Bank merger in 2017.

Anchor Bank Amalgamated Bank Acquisition Date
State Bank of India State Bank of Bikaner & Jaipur 31 March 2017
State Bank of India State Bank of Hyderabad 31 March 2017
State Bank of India State Bank of Mysore 31 March 2017
State Bank of India State Bank of Patiala 31 March 2017
State Bank of India State Bank of Travancore 31 March 2017
State Bank of India Bharatiya Mahila Bank 31 March 2017

Conclusion

We provided information related to merger of Indian PSU Banks, list of merger of Banks in India, Nationalised Banks in India 2019 After Merger. After mega Merger, 12 Public sector Nationalised Banks remaining in India 2019.