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Which two of the following nationalised banks have been merged as per the recommendation of the Narsimhan Committee?
New Bank of India and Bank of India
Central Bank of India and CorporationBank
Parur Bank, of India and Bank ofIndia
Punjab National Bank and New Bank ofIndia
The Narasimham-II Committee was tasked with the progress review of the implementation of the banking reforms since 1992 with the aim of further strengthening the financial institutions of India. It focussed on issues like the size of banks and capital adequacy ratio among other things The only example of the merger of two PSBs is the merger of New Bank of India with Punjab National Bank in 1993. However, this was not a voluntary merger.
By: Parvesh Mehta ProfileResourcesReport error
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