Are all PSU Banks being merged into SBI, PNB and BOB?

Hellobanker TeamSeptember 16, 2026Last Updated: September 16, 2026

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Are all PSU Banks being merged into SBI, PNB and BOB?

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A letter about bank merger is going viral on social media. As per the letter the public sector banks are to be merged into 3 groups of SBI, PNB and BOB.

S. No.	Transferor Banks (Merging Entities)	Transferee Bank (Acquiring Entity)	Name of Resulting Entity
1	Indian Bank Bank of Maharashtra Central Bank of India	State Bank of India	SBI Group
2	Union Bank of India Bank of India Punjab & Sind Bank	Punjab National Bank	Punjab National Bank
3	Canara Bank Indian Overseas Bank UCO Bank	Bank of Baroda	Bank of Baroda

Viral letter about merger on social media

Is this true?

The government has said the letter is not genuine and there is no such merger news as of now. The PIB informed the public on social media that the letter is fake.

A document circulating on social media, purportedly issued by the Ministry of Finance, claims that the Central Government has notified a scheme for the amalgamation of Public Sector Banks.#PIBFactCheck:

❌ The document is #Fake and has NOT been issued by @FinMinIndia.

🔰… pic.twitter.com/nCbOS9fRFX
— PIB Fact Check (@PIBFactCheck) September 16, 2026

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Hellobanker TeamSeptember 16, 2026Last Updated: September 16, 2026

0 Less than a minute