Canara bank and Syndicate Bank merger to create a business size of Rs.15 Trillion

Canara bank and Syndicate Bank merger to create a business size of Rs.15 Trillion: Canara Bank will take over Syndicate Bank as part of the Narendra Modigovernment's plan to merge 10 public sector banks into four. This will make it the fourth largest public sector bank. Mrutyunjay Mohapatra, Syndicate Bank Managing Director and Chief Executive Officer speaking on the merger will create the fourth largest public sector bank (PSB)