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The Centurion Bank of Punjab (formerly Centurion Bank and Bank of Punjab) was an Indian private sector bank that provided retail and corporate banking services. It operated on a strong nationwide franchise of 403 branches and had over 5,000 employees.
Sep 22, 2023 · HDFC Bank approved the acquisition of Centurion Bank of Punjab for $2.4 billion, becoming one of the largest mergers in the financial sector in India. Recently, HDFC Ltd. (a mortgage lender) merged with HDFC Bank with the aim of rebranding itself.
About the Company The Centurion Bank of Punjab (formerly Centurion Bank) is an Indian private sector bank that provides retail and corporate banking services.
Feb 21, 2008 · HDFC Bank will take over Centurion Bank of Punjab (CBoP) in an all-stock deal. The respective bank boards are likely to meet on Saturday to consider the merger proposal.
Jul 8, 2024 · Centurion Bank of Punjab Limited Share Price Today, Live NSE Stock Price: Get the latest Centurion Bank of Punjab Limited news, company updates, quotes, offers, annual financial reports, graph, volumes, 52 week high low, buy sell tips, balance sheet, historical charts, market performance, capitalisation, dividends, volume, profit and loss ...
Boards of HDFC Bank, the third biggest bank in the country by share market value, and Centurion Bank of Punjab met on Saturday and agreed to pursue the merger.
Jun 29, 2005 · NEW DELHI: Bank of Punjab (BoP) and Centurion Bank (CB) have been merged to form Centurion Bank of Punjab (CBP) in a share swap ratio of 9:4. This means, for every four shares of Rs 10 of Bank of Punjab, its shareholders will receive nine shares of Re 1 of Centurion Bank.
May 20, 2008 · MUMBAI: Reserve Bank of India has approved the merger of Centurion Bank of Punjab with HDFC Bank and the amalgamation would be effective from May 23. "The RBI hereby sanctions the appended scheme of amalgamation of CBoP (Transferor Bank) with the HDFC Bank Ltd (Transferee Bank).
Feb 26, 2008 · HDFC Bank has acquired Centurion Bank of Punjab for Rs95 billion ($2.38 billion) creating IndiaÆs second largest bank measured in terms of number of branches. The merger is an all-share deal with shareholders of Centurion being offered one HDFC Bank share for every 29 shares they hold in Centurion.
Mumbai, February 25, 2008: The Boards of HDFC Bank and Centurion Bank of Punjab met today and approved, subject to due diligence, the share swap ratio for the proposed merger of Centurion Bank of Punjab with HDFC Bank.
