The most significant changes involved the amalgamation of 10 PSBs into four anchor banks. While the legal merger occurred in 2020, 2021 was the critical year for operational integration, including migrating account numbers, IFSC codes, and IT systems. Anchor Bank (Acquiring Entity) Banks Merged Into It Post-Merger Rank (by Size) Oriental Bank of Commerce (OBC) & United Bank of India 2nd Largest Canara Bank Syndicate Bank 4th Largest Union Bank of India Andhra Bank & Corporation Bank 5th Largest Indian Bank Allahabad Bank 7th Largest Complete List of Public Sector Banks (As of 2021)
The 2021 banking landscape in India was defined by the final integration phases of the "Mega Merger" of Public Sector Banks (PSBs), which officially took effect on . This strategic consolidation reduced the number of public sector banks from 27 to just 12, creating larger, more globally competitive entities. The Mega Merger List: 10 Banks into 4 merge bank list 2021 pdf download
Following the mergers, the final list of the remaining in India is as follows: bank-merge-list.pdf The most significant changes involved the amalgamation of