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Which Indian bank was recently merged with another major bank in 2023? (2023)

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Question: Which Indian bank was recently merged with another major bank in 2023? (2023)

Options:

  1. SBI
  2. PNB
  3. Bank of Baroda
  4. Canara Bank

Correct Answer: Bank of Baroda

Exam Year: 2023

Solution: 

In 2023, Bank of Baroda was merged with another major bank as part of the consolidation efforts in the banking sector.

Which Indian bank was recently merged with another major bank in 2023? (2023)

Practice Questions

Q1
Which Indian bank was recently merged with another major bank in 2023? (2023)
  1. SBI
  2. PNB
  3. Bank of Baroda
  4. Canara Bank

Questions & Step-by-Step Solutions

Which Indian bank was recently merged with another major bank in 2023? (2023)
  • Step 1: Identify the year mentioned in the question, which is 2023.
  • Step 2: Understand that the question is asking about a merger of an Indian bank.
  • Step 3: Recall that Bank of Baroda is an Indian bank.
  • Step 4: Confirm that in 2023, Bank of Baroda was merged with another major bank.
  • Step 5: Recognize that this merger is part of a larger trend of consolidation in the banking sector.
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