After 10 months of bank unification by the recent government, the half-yearly economic outcomes of the banks highlight their outstanding accomplishment than the period of pre-merger in the subsequent analysis. The merger of civil sector banks (PSBs) implicates the integration of six softer PSBs with four improved performing Andhra anchor banks. Corporation Bank and Andhra Bank were merged with Union Bank while Oriental Bank of Commerce and United Bank were merged with Punjab National Bank. Syndicate Bank has been incorporated with Canara Bank, Dena Bank and Vijaya Bank were merged with Bank of Baroda in 2019. While Allahabad Bank with the Indian Bank. All these mergers put up with an effect from 1 April 2020.
Punjab National Bank (PNB) has developed as the country’s second-largest bank, with a size of business totaling up to Rs 17.94 lakh crore, after SBI which has an industry estimating over Rs 52 lakh crore.
The Canara Bank has developed into the fourth-largest civil sector bank in the country. Post-merger, the collective business is Rs 15.20 lakh crore and a reasonably softer gross NPA ratio of 8.77%. Union Bank of India post-merger has become the 5th biggest PSB. The collective business root of the merged bank is Rs 14.59 lakh crore and Union Bank’s Net NPA stands high at a ratio of 6.85%. The assets of the Indian Bank are worth Rs 8.07 lakh crore post-merger evolving as the 7th largest PSB. Indian Bank’s net NPA ratio was at 3.75%. The merged PSB with total assets on an account for about 90% of all the PSBs. So the subsequent calculation of the data from all PSBs can be evaluated equivalently for the merger of PSBs in similar thinking. The following data has been translated from RBI’s Financial Stability Report released in January 2021.