CURRENT AFFAIRS (EVENTS, NATIONAL AND INTERNATIONAL) , MARCH 2020.
The Most Important Current Affairs March 2020 Mega Merger of 10 PSBs to be effective from 1st April 2020 Union Finance Minister Nirmala Sitharaman announced a big consolidation of public sector banks in 2019. As per the scheme of amalgamation, 10 public sector banks are to be merged into 4 banks. They 1st April 2020. As per the recent RBI circular, 10 PSBs will be merged into 4 in the following manner: From 1st April, 2020, all branches of Oriental Bank of Commerce and United Bank of India will operate as branches of Punjab National Bank. From 1st April, 2020, all branches of Andhra Bank and Corporation Bank will operate as branches of Union Bank of India. From 1st April, 2020, all branches of Allahabad Bank will operate as branches of Indian Bank. From 1st April, 2020, all branches of Syndicate Bank will operate as branches of Canara Bank. After the amalgamation, the total number of Public Sector Bank...