Multiple choice

Which of the following Public Sector Banks has decided to acquire Bharat Overseas Bank?

  1. PNB

  2. IOB

  3. BOB

  4. Syndicate Bank

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Indian Overseas Bank (IOB) acquired Bharat Overseas Bank in 2007. This was part of the consolidation phase in Indian banking where larger public sector banks acquired smaller ones to strengthen the banking system.