Merger of Syndicate Bank
 

I heard from my friend that the Syndicate Bank mergerd. Tell me in which bank the Syndicate Bank will merge and why I will do this?

Re: Merger of Syndicate Bank
 

As per my information the Government of india proposed merger of 27 PSBs into 6 big lenders.

All public sector banks in India will merge with anchor banks.

List of 6 Banks
State Bank of India (Anchor Bank)
Bank of India (Anchor Bank)
Bank of Baroda (Anchor Bank)
Punjab National Bank (Anchor Bank)
Union Bank of India (Anchor Bank)
Canara Bank (Anchor Bank)

List of Bank merged into these 6
State Bank of India (Anchor Bank)
State Bank of Patiala
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of Travancore
State Bank of Mysore

Punjab National Bank (Anchor Bank)
Oriental Bank of Commerce
Indian Bank
Allahabad Bank
Corporation Bank

Canara Bank (Anchor Bank)
Syndicate Bank
UCO Bank
Indian Overseas Bank

Union Bank of India (Anchor Bank)
Dena Bank
IDBI Bank Ltd
Central Bank of India

Bank of India (Anchor Bank)
Andhra Bank
Vijaya Bank
Bank of Maharashtra

Bank of Baroda (Anchor Bank)
Punjab & Sind Bank
Bhartiya Mahilla Bank
United Bank of India