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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 Corporation Bank and Andhra 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.
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...
Aug 30, 2019 · Finance Minister Nirmala Sitharaman said that the merger of Union Bank of India, Andhra Bank and Corporation Bank would make it the fifth largest bank of the country with business of Rs...
Mar 28, 2020 · The scheme comes into force on the 1st day of April 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.
Dec 2, 2020 · Union Bank of India said the entire migration has been completed at a record time with least inconvenience to customers, without effecting any change in their account numbers, debit cards or net banking credentials. The entire migration has been executed in association with Infosys, EY, and BCG.
Apr 1, 2020 · Andhra Bank and Corporation Bank's merger with Union Bank of India will create India's fifth-largest public sector bank with Rs 14.59 lakh crore business and 9,609 branches. 5. The...
Aug 30, 2019 · New Delhi: In what will form the fifth largest public sector bank post amalgamation, Finance Minister Nirmala Sitharaman on Friday announced consolidation plan for Union Bank of India, Andhra Bank and Corporation Bank into a single entity.
Mar 4, 2020 · The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the mega consolidation of ten PSBs into four which include the –. (a) Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank. (b) Amalgamation of Syndicate Bank into Canara Bank.
