All PSU bank incorporation schemes to attain into force on April 1

Merge of 10 state-run banks comes effective into 4 from April 1. The Reserve Bank of India and central bank stated all branches of United Bank of India and Oriental Bank of Commerce will function as branches of Punjab National Bank. Similarly, all branches of Allahabad Bank will operate as The Indian Bank. While all the departments of Andhra Bank and Corporation Bank will operate as branches of Union Bank of India. The branches of Syndicate bank will run all its function as branches of Canara Bank from the Month of May.


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