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Bank Mergers:: List of Merger of Public Sector Banks in India 2021

There were several bank mergers in India resulting in 12 public sector banks total. Some of the key mergers included Punjab National Bank merging with Oriental Bank of Commerce and United Bank of India, Canara Bank merging with Syndicate Bank, and Indian Bank merging with Allahabad Bank.

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0% found this document useful (0 votes)
609 views8 pages

Bank Mergers:: List of Merger of Public Sector Banks in India 2021

There were several bank mergers in India resulting in 12 public sector banks total. Some of the key mergers included Punjab National Bank merging with Oriental Bank of Commerce and United Bank of India, Canara Bank merging with Syndicate Bank, and Indian Bank merging with Allahabad Bank.

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Bank Mergers:

• There are a total of 12 Public Sector Banks in India after the Mega-Merger.
Among these, there are six merged banks and six independent public
sector banks.
o Merged Banks - SBI, PNB, BoB, Indian Bank, Canara Bank and Union
Bank of India
o Independent Banks - Uco Bank, BoM, Punjab & Sindh Bank, BoI,
Central Bank of India, and Indian Overseas Bank.
• Oriental Bank of Commerce (OBC) and United Bank of India (UBI) are
merged into Punjab National Bank. After the merger, the PNB will
become the second-largest PSB after SBI.
• Syndicate Bank is merged with Canara Bank and the combined entity will
be the fourth largest PSB.
• Allahabad Bank is merged with Indian Bank and all its branches will be
treated as the branches of Indian bank.
• Andhra Bank and Corporation Bank is merged with Union Bank of
India.

Check here: List of Merger of Public Sector Banks in India 2021

An Easy approach to remember the Headquarters of Banks in India.

1. All the banks which have ‘Bank of India‘ at the end of their name have their
headquarters in Mumbai.

• Bank of India — Mumbai


• Central Bank of India— Mumbai
• Industrial Development Bank of India— Mumbai
• State Bank of India—Mumbai
• Union Bank of India—Mumbai
• Reserve Bank of India—Mumbai

2. Banks that have ‘Indian’ in starting, have their headquarters in Chennai.

• Indian Bank – Chennai


• Indian Overseas Bank – Chennai

3. If the Bank name Starts with "Punjab" within their name, have Headquartered
in New Delhi.

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• Punjab National Bank - New Delhi
• Punjab & Sind Bank - New Delhi

List of Banks, Headquarters, and Tagline:


Public Sector Banks & Private Sector Banks

Banks Headquarters Heads Tagline

J Packirisamy (MD Where India


Andhra Bank Hyderabad
& CEO) Banks

Amitabh
Chaudhry (MD &
Badhti Ka Naam
Axis Bank Mumbai CEO)
Zindagi

Bank of
India’s
Baroda Sanjiv Chadha
Vadodara International
(Vijaya Bank (MD & CEO)
Bank
& Dena Bank)

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Atanu Kumar Das Relationship
Bank of India Mumbai
(MD & CEO) beyond Banking

Ek Parivaar, Ek
Bank of Bank (One
Pune A.S. Rajeev
Maharashtra Family One
Bank)

Chandra Shekhar
Ghosh (MD& CEO) Aapka Bhala,
Bandhan Bank Kolkata
Sabki Bhalai

Canara Bank
L V Prabhakar Together We
(Syndicate Bengaluru
(MD & CEO) Can
Bank)

Central to You
Since
Central Bank
Mumbai Pallav Mohapatra 1911, Build a
of India
better life
around us

Corporation Prosperity for


Mangalore P V Bharathi
Bank all

Trust And
Citi Union
Tamil Nadu Dr N. Kamakodi Excellence since
Bank
1904

Dhanlaxmi Sunil Gurbaxani


Kerala Tann Mann Dhan
Bank (MD & CEO)

Shyam Your Perfect


Federal Bank Kerala
Srinivasan Banking Partner

We understand
HDFC Bank Mumbai Aditya Puri
your world

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Banking for All,
IDBI Bank Mumbai Rakesh Sharma Aao sochein
Bada

Indian Bank Your Own Bank,


(Allahabad Chennai Padmaja Chundru Banking That's
Bank) Twice As Good

Indian Karnam Sekar Good People to


Chennai
Overseas Bank (MD & CEO) Grow With

Hum hai na,


ICICI Bank Mumbai Sandeep Bakhshi
Khayal Apka

Banking Hatke
V. Vaidyananthan
IDFC Bank Mumbai
(MD & CEO)

R. Seshasayee
(Chairman) We Make You
IndusInd Bank Mumbai
Romesh Sobti Feel Richer
(CEO)

Your Family
Karnataka MS
Mangaluru Bank, Across
Bank Mahabaleshwara
India.

Karur Vysya N. S. Srinath (MD Smart way to


Tamil Nadu
Bank & CEO) Bank

Kotak Mahindra Let's make money


Mumbai Uday Kotak
Bank simple

The Changing
Lakshmi Vilas
Chennai S Sundar Face Of
Bank
Prosperity

Punjab
National S. S. Mallikarjuna The Name You
New Delhi
Bank Rao Can Bank Upon
(Oriental

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Bank of
Commerce
& United
Bank of
India)

Punjab & Sind Where Service


New Delhi S Hari Shanker
Bank is a Way of Life

RBL Bank
Mumbai Vishwavir Ahuja Apno ka Bank
(Ratnakar)

The Banker to
Every Indian,
The Nation
Banks on us, A
State Bank of Bank of
Mumbai Rajnish Kumar
India Common Man,
With You all the
Way, Pure
Banking
Nothing Else

Ajay Vipin
Nanavati
Syndicate Manipal, (Chairman) Faithful and
Bank Karnataka Mrutyunjay Friendly
Mahapatra (MD &
CEO)

Experience Next
South Indian Thrissur,
V G Mathew Generation
Bank Kerala
Banking

Atul Kumar Goel Honours Your


UCO Bank Kolkata
(MD & CEO) Trust

Union Bank of Good People to


Mumbai Rajkiran Rai G.
India Bank with

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Experience our
Yes Bank Mumbai Ravneet Singh Gill
expertise

All India Financial Institutions


EXIM Bank Mumbai David Rasquinha -

G R Chintala
NABARD Mumbai -
(wef - 27/05/2020)

NHB New Delhi Sarada Kumar Hota -

SIDBI Lucknow Mohammad Mustafa -

Small Finance Banks

Au Small Chalo Aage


Jaipur Sanjay Agarwal
Finance Bank Badhe

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Capital Small Jalandhar, Sarvjit Singh Vishwas se
Finance Bank Punjab Samra Vikas tak

Equitas Small It’s Fun


Chennai PN Vasudevan
Finance Bank Banking

ESAF Small Thrissur, Kadambelil Paul


Joy of Banking
Finance Bank Kerala Thomas

Fincare Small Banking On


Bengaluru Rajeev Yadav
Finance Bank More

Jana Small
Bangaluru Ajay Kanwal Paise Ke Kadar
Finance Bank

North East Small Your Door Step


Guwahati Rupali Kalita
Finance Bank Banker

Suryoday Small Belapur, Navi Baskar Babu A Bank of


Finance Bank Mumbai Ramachandran Smiles

Ujjivan Small Bharosa, Aake


Bengaluru Nitin Chugh
Finance Bank bharose par

Utkarsh Small Apki Umeed


Varanasi Govind Singh
Finance Bank ka Khata

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Payments Banks

New Anubrata
Airtel Payments Bank -
Delhi Biswas

India Post Payments


New Aapka Bank
Bank (Now it will become Suresh Sethi
Delhi Aapke Dwar
Small Finance Bank)

Qadar aapki
Fino Payments Bank Mumbai Rishi Gupta
mehnat ki

Satish Kumar
Paytm Payments Bank Noida -
Gupta

H.
Jio Payments Bank Mumbai -
Srikrishnan

SP. Technology
NSDL Payments Bank Mumbai
Narayanan Trust and Reach

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