| Union Finance Minister Nirmala Sitharaman announced a series of mergers invloving public sector banks on Firday. The move cut down thenumber of such banks from 27 in 2017. A look at the banks that will be merged. |
| Anchor Bank | Banks to be merged | Size of merged entity | Total Busines |
| Punjab National Bank | Punjab National Bank, Oriental Bank of Commerce and United Bank | 2nd Largest PSB | Rs 18 Lakh Cr. |
| Canara Bank | Canara Bank and Syndicate Bank | 4th Largest PSB | Rs 15.2 Lakh Cr. |
| Union Bank of India | Union Bank, Andhra Bank and Corporation Bank. | 5th Largest PSB | Rs 14.6 Lakh Cr. |
| Indian Bank | Indian Bank and Allahabad Bank. | 7th Largest PSB | Rs 8.08 Lakh CR. |