As part of the exercise, Punjab National Bank will absorb Oriental Bank of Commerce and United Bank, which will then become India's second-largest bank after State Bank of India (SBI) with Rs 17.95 lakh crore business size and 11,437 branches. Similarly, Canara Bank and Syndicate Bank will be merged, Union Bank of India will absorb both Andhra Bank and Corporation Bank. Also, Indian Bank and Allahabad Bank will merge.