The share exchange ratio 325 equity shares of Union Bank of India for every 1,000 shares in Andhra Bank and 330 shares in Union Bank for every 1,000 equity shares in Corporation Bank.
Record Date
The Board member has fixed March 23, 2020
Merger of Oriental Bank of Commerce and United Bank of India into Punjab National Bank
1150 Equity shares of Rs.2/-each of Punjab National Bank for every 1000 Equity shares of Rs.10/-each of Oriental Bank of Commerce
121 equity shares of Rs. 2/- each of PNB for every 1000 equity shares of Rs. 10/- each of the United Bank of India.
Record Date
Wednesday, 25thMarch, 2020
Merger of Syndicate Bank into Canara Bank
158 equity shares of Rs. 10/ - each of Canara Bank for every 1000 equity
shares of Rs.10/ - each of Syndicate Bank.
Record Date
The Board of Directors have fixed Monday, 23rd March 2020
After the mergers, there will be seven large public sector banks (PSBs) and five smaller ones
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