27 to 12 public sector banks
The number of public sector banks came down from 27 to 12 after the decision taken last year regarding banks' violations. For your information here, let us know that in the year 2017, the number of public sector banks was 27.

Merger of these banks

• The Central Government's decision made last year proposes the demerits of these public sector banks,
• Merger of United Bank of India and Oriental Bank of Commerce with Punjab National Bank
• Syndicate Bank merged with Canara Bank
• Allahabad Bank merged with Indian Bank
• Merger of Andhra Bank and Corporation Bank with Union Bank of India