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Will Andhra Bank merge with Union Bank of India?
When will Andhra Bank & Corporation Bank become Union Bank of India?
How Union Bank & Andhra Bank will work together?
Did Union Bank of India change bank account numbers after merger?
Apr 1, 2020 · The Central Government notified the amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme in March 2020. The share exchange ratio, record date, allotment date and fractional payment details are available on the Union Bank of India website.
- NOTICE Amalgamation of Andhra Bank and Corporation Bank into ...
Amalgamation of Andhra Bank and Corporation Bank into Union...
- NOTICE Amalgamation of Andhra Bank and Corporation Bank into ...
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 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
Apr 20, 2020 · Andhra Bank and Corporation Bank were merged into Union Bank of India on April 1, 2020 as part of the government's consolidation exercise. The merger did not affect the account numbers, IFSC codes, MICR, branches or loans of the customers.
Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India. Notice is hereby given that the Board of Directors of Andhra Bank (“Transferor Bank –1”), Corporation Bank (“Transferor Bank –2”) and Union Bank of India (“Transferee Bank”) (collectively, “the concerned banks”) at their respective meetings held on ...
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. "As of today, all employees, customers and ...
