The Reserve Bank of India (RBI), on 2 October, delisted six state-owned banks from its second schedule. It said that the delisting has been done owing to the merger of those banks with other Public Sector Undertaking (PSU) banks. The six PSU banks being delisted from the second schedule of the RBI are — Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank. OBC and United Bank of India have been merged with the Punjab National Bank (PNB); Syndicate Bank with Canara Bank; Andhra Bank and Corporation Bank have been merged with Union Bank of India while Allahabad Bank has been merged with the Indian Bank.
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RBI delists six PSU banks from the second schedule
By IndianMandarins - 2020-10-02 21:37:00
The Reserve Bank of India (RBI), on 2 October, delisted six state-owned banks from its second schedule. It said that the delisting has been done owing to the merger of those banks with other Public Sector Undertaking (PSU) banks.
The six PSU banks being delisted from the second schedule of the RBI are — Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank.
OBC and United Bank of India have been merged with the Punjab National Bank (PNB); Syndicate Bank with Canara Bank; Andhra Bank and Corporation Bank have been merged with Union Bank of India while Allahabad Bank has been merged with the Indian Bank.
