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Apr 1, 2020 · Reserve Bank of India has notified the Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme. It shall come into force on April 1, 2020.
Aug 30, 2019 · As part of the mega-merger plan, Andhra Bank and Corporation Bank will be merged with Union Bank of India. In a media briefing, Sitharaman said, the combined entity will be the...
On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Andhra Bank and Corporation Bank would be merged into Union Bank of India. The proposed merger would make Union Bank of India the fifth largest public sector bank in the country with assets of ₹14.59 lakh crore (US$170 billion) and 9,609 branches.
Mar 5, 2020 · Andhra Bank and Corporation Bank will be amalgamating into Union Bank of India with effect from 01 April 2020. The board of Andhra Bank at its meeting held on 05 March 2020 has approved the following Equity Share Exchange Ratio for amalgamation of Andhra Bank into Union Bank of India:
Mar 28, 2020 · Consequently, all branches of Andhra Bank and Corporation Bank will function as branches of Union Bank of India from April 1, 2020. Customers, including depositors of Andhra Bank and Corporation Bank, will be treated as customers of Union Bank of India with effect from April 1, 2020. (Yogesh Dayal) Chief General Manager
On 1st April 2020, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India. Our Bank has a network of 8,400+ domestic branches, 9,300+ ATMs , 75,200+ employees and 20,600+ Business Correspondents .
Apr 20, 2020 · Andhra Bank and Corporation Bank were merged into Union Bank of India on April 1 as a part of consolidation exercise in the country's banking space. The government in August 2019 had...
