About Bank Merges
- There are a total of 12 Public Sector Banks in India after the Mega-Merger. Among these, there are six merged banks and six independent public sector banks.
- Merged Banks – SBI, PNB, BoB, Indian Bank, Canara Bank, and Union Bank of India
- Independent Banks – Uco Bank, BoM, Punjab & Sindh Bank, BoI, Central Bank of India, and Indian Overseas Bank.Â
- Oriental Bank of Commerce (OBC) and United Bank of India (UBI) are merged into Punjab National Bank. After the merger, the PNB will become the second-largest PSB after SBI.
- Syndicate Bank is merged with Canara Bank and the combined entity will be the fourth largest PSB.
- Allahabad Bank is merged with Indian Bank and all its branches will be treated as the branches of Indian bank.
- Andhra Bank and Corporation Bank is merged with Union Bank of India.
List of Private Sector Banks
| Sl no | Private Sector Banks | Headquarters | Taglines |
|---|---|---|---|
| 1 | Axis Bank Ltd. | Mumbai | Badhti ka naam zindagi |
| 2 | HDFC Bank Ltd. | Mumbai | We understand your world |
| 3 | ICICI Bank Ltd. | Mumbai | Hum Hai na!!; Khyal Apka |
| 4 | Kotak Mahindra Bank Ltd. | Mumbai | Lets make money simple |
| 5 | Yes Bank Ltd. | Mumbai | Experience our expertise |
| 6 | Indusind Bank Ltd. | Mumbai | We make you feel richer |
| 7 | Federal Bank Ltd. | Kochi, Kerala | Your Perfect Banking Partner |
| 8 | Jammu & Kashmir Bank Ltd. | Sri Nagar | Serving to empower |
| 9 | South Indian Bank Ltd. | Thrissur, Kerala | Experience Next Generation Banking |
| 10 | Karur Vysya Bank Ltd | Karur, Tamilnadu | Smart way to Bank |
| 11 | Bandhan Bank Ltd. | Kolkata, West Bengal | Aapka Bhala, Sabki Bhalai |
| 12 | IDFC Bank Ltd. (Newly Licensed in 2014) | Mumbai | |
| 13 | Lakshmi Vilas Bank Ltd. | Tamilnadu | The changing face of Prosperity |
| 14 | Tamilnad Mercantile Bank Ltd. | Tuticorin | Be a step ahead of Life |
| 15 | RBL Bank | Kolhapur | |
| 16 | Karnataka Bank Ltd. | Mangalore | Your family bank across India |
| 17 | ING Vysya Bank Ltd. (Merged with Kotak Mahindra Bank in April 2015) | Bangalore | Jiyo Easy |
| 18 | DCB Bank Limited (Development Credit Bank) | Mumbai |
