Indian Bank Merger Lists

Name of Acquiring Bank Name of Banks Merged                                               Additional Information
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
  • Dena Bank
  • Vijaya Bank


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.