PNB united with which Bank in 1993- New Bank of India

Q.  Which bank was united with the Punjab National Bank in 1993?
- Published on 20 Jul 15

a. Oudh Commercial Bank
b. Imperial Bank of India
c. New Bank of India
d. Punjab and Sind Bank

ANSWER: New Bank of India
 
The New Bank of India which was running at a loss was united with the Punjab National Bank in September 1993. 19 nationalised banks along with the State Bank of India, which was nationalised in 1956, now constitute the public sector banks.

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