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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.
Aug 30, 2019 · According to the Finance Minister's presentation, after merging, the combined entity will be the fifth largest public sector bank with a combined business size of Rs 14.59 lakh crore.
Apr 1, 2020 · New Delhi: Union Bank on Wednesday said it has become the country's fifth largest public sector lender after amalgamating Andhra Bank and Corporation Bank into itself. The merger, effective from Wednesday, will harness rich individual legacies and forge a dynamic shared future, it said in a release.
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.
Apr 2, 2020 · New Delhi: Union Bank on Wednesday said it has become the country’s fifth-largest public sector lender after amalgamating Andhra Bank and Corporation Bank into itself. The merger, effective from Wednesday, will harness rich individual legacies and forge a dynamic shared future, it said in a release.
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...
Aug 30, 2019 · Union Bank of India, Andhra Bank, Corporation Bank will be merged to become the fifth largest PSB. Indian Bank is being merged with Allahabad Bank.
