There are reports going around on social media that three big banks of India are going to merge with each other. If these news were true, then all the account holders of these banks would have to pay attention to it. These are not small institutions; These include big banks like PNB and SBI.
An image circulating on social media platforms falsely claims that the Government has approved the merger of Punjab National Bank (PNB), Canara Bank, and State Bank of India (SBI).#PIBFactCheck
❌This claim is #FAKE.
✅ The Government of India has NOT approved any proposal… pic.twitter.com/0A7gJZznHT
— PIB Fact Check (@PIBFactCheck) June 29, 2026
Which banks are we talking about?
According to reports, there are three banks in this list: PNB (Punjab National Bank), SBI (State Bank of India) and Canara Bank. These three are among the big banks of the country; Actually, SBI is the largest public sector bank. However, now the truth of these news has come to light. It is important to understand the real facts before believing such news.
What is the truth behind this news?
Government agency PIB has clarified the facts related to these viral news. Recently, PIB Fact Check shared a post on its official He has shared a screenshot of the report in which the word “FAKE” is clearly written. Revealing the truth, PIB captioned the picture: “A picture is going viral on social media falsely claiming that the government has approved the merger of Punjab National Bank (PNB), Canara Bank and State Bank of India (SBI). This claim is #FAKE.”
the reality is this
Elaborating on the facts, the agency wrote: “The Government of India has not approved any proposal for merger of PNB, Canara Bank and SBI. The viral image is fake and is not taken from any genuine newspaper or government notification. For correct information always refer to the official website of RBI: http://rbi.org.in”
Additionally, the agency has appealed to people to report any suspicious information related to the Government of India to PIB Fact Check. He has also shared a mobile number and email address for this.
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