Effective Date of Bank Consolidation
CMAT 2021 · General Knowledge · Medium · General Awareness
RBI's Mega Bank Consolidation Plan of Merger of 10 banks into 4 became effective from which date?
- A.
1 January, 2020
- B.
1 March, 2020
- C.
31 March, 2020
- D.
1 April, 2020
Answer
D
Explanation
The merger of 10 public sector banks into 4 anchor banks came into effect on 1 April, 2020.
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