| Punjab National Bank (PNB) |
- Oriental Bank of Commerce
- United Bank of India
|
Following its acquisition of the Oriental Bank of Commerce (OBC) and the United Bank of India (UBI), Punjab National Bank (PNB) has ascended to become India's second-largest public sector bank by branch network, second only to the State Bank of India (SBI). With 11,437 outlets post-merger, PNBs overall business now stands at Rs. 17.95 lakh crores. |
| Canara Bank |
Syndicate Bank |
Upon acquiring Syndicate Bank, Canara Bank has risen to become the fourth-largest public sector bank in India. The merger has bolstered Canara Banks branch strength to 10,342 with a total workforce of 89,885 employees. The net non-performing asset (NPA) ratio for the post-merger entity stands at 8.77%, while the combined business volume amounts to Rs. 15.20 lakh crores. To facilitate this transaction, the Government of India infused Rs. 6500 crores in capital into Canara Bank. |
| Union Bank of India |
- Andhra Bank
- Corporation Bank
|
Following its acquisition of Andhra Bank and Corporation Bank, the Union Bank of India has emerged as the fifth-largest public sector bank post-merger. The combined business base of the merged entities amounts to Rs. 14.59 lakh crore, with a net non-performing asset (NPA) ratio of 6.85%. To facilitate this merger, the Government of India allocated Rs. 11,700 crores to Union Bank of India. |
| Indian Bank |
Allahabad Bank |
After merging with Allahabad Bank, Indian Bank has ascended to become the seventh-largest public sector bank. The combined business of the merged entity will amount to Rs. 8.07 lakh crore, with Indian Bank now boasting a total non-performing asset (NPA) ratio of 3.75%. To facilitate this merger, the Indian government allocated Rs. 2500 crore in capital to Indian Bank. |
| Bank of Baroda |
|
As of April 1, 2022, Bank of Baroda (BoB) completed the acquisition of Vijaya Bank and Dena Bank, resulting in a combined workforce of 85,675 employees and a total branch network exceeding 9500. This three-way consolidation aimed to enhance profitability, integrate advanced technology practices across the amalgamated entities, and bolster cost efficiency, risk management, and financial inclusion efforts within the banks. |
| State Bank of India |
- State Bank of Bikaner & Jaipur
- State Bank of Mysore
- State Bank of Patiala
- Bharatiya Mahila Bank
- State Bank of Travancore
- State Bank of Hyderabad
|
In 2017, the State Bank of India merged with the Bharatiya Mahila Bank and its associate banks, resulting in a significant expansion of its operations. This consolidation increased the total branches of the SBI group to over 22,500, along with a network of more than 58,000 ATMs. With an asset base now totaling Rs. 37 lakh crores, the SBI group is poised to serve a consolidated customer base of 50 crores. |
| HDFC Bank |
HDFC |
On April 4, 2022, HDFC announced its merger with HDFC Bank, a strategic decision aimed at consolidating its market capitalization. This move positions the combined entity as the third-largest in India. |