Which of the following banks is not part of the merger that is going to take place on 1 April 2020 to create 4 large banks?
Answer with explanationAnswer: Option D
The merger of 10 state-run banks into four large banks will come into force from April 1 to create bigger and stronger banks in the public sector. According to the Scheme, Syndicate Bank will be merged into Canara Bank, Andhra and Corporation banks into Union Bank of India, Oriental Bank of Commerce and United Bank of India into Punjab National Bank, and Allahabad Bank into Indian Bank.
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