Is PNB merging with Canara Bank? What’s the Truth?

Is Punjab National Bank (PNB) merging with Canara Bank? A letter regarding merger of PNB and Canara Bank, is going viral on social media. The letter is as follows:

This letter is fake as of now. There are no such talks of merger of Punjab National Bank and Canara Bank. The Government of India is planning merger of banks but the details of merger have not been released as of now.