Which bank is not included in the merger of three public sector banks in 2018?

Question

Accepted Answer

The correct option is 1: Indian Bank.

The Government of India approved the merger of three public sector banks in September 2018, which subsequently came into effect on April 1, 2019. The three banks involved in this particular amalgamation were Bank of Baroda, Vijaya Bank, and Dena Bank. The primary objective of this merger was to create a stronger, globally competitive public sector bank by combining the strengths and optimizing the operations of the three entities. The resulting merged bank is Bank of Baroda, making it the third-largest Public Sector Bank in India at that time. Since Indian Bank was not part of this tripartite merger, it is the correct answer to the question asking which bank was *not* included.

The incorrect option is 2: Vijaya Bank. Vijaya Bank was one of the two anchor banks (along with Dena Bank) that were merged into the Bank of Baroda. Therefore, it was directly included in the 2018 merger announcement.

The incorrect option is 3: Dena Bank. Dena Bank was the second anchor bank that was merged into the Bank of Baroda. Its inclusion was central to the government's plan for creating a consolidated banking entity.

The incorrect option is 4: Bank of Baroda. Bank of Baroda was the acquiring entity in this three-way merger, meaning Vijaya Bank and Dena Bank were merged *into* it. As the ultimate beneficiary and resulting entity, it was integral to the merger process.