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Apr 1, 2020 · Canara Bank on Wednesday said that following its merger with Syndicate Bank, it is now the fourth largest state-owned bank by assets. The bank said that the combined entity will have 10,391 ...
Aug 30, 2019 · Public Sector Banks Merger: Full List of Merged Banks in India. # Punjab National Bank, Oriental Bank of Commerce and United Bank to merge to form India’s second-largest bank. # Canara Bank to merge with Syndicate Bank to create 4th largest public sector bank with Rs 15.20 lakh crore business. # Union Bank, Andhra Bank, Corporation Bank to ...
Sep 13, 2019 · The NPA ratio of the merged lender is expected to be 5.62 per cent, as opposed to 5.37 per cent for Canara Bank and 6.16 per cent for Syndicate Bank, as on August 30, 2019.
Mar 2, 2024 · 2. Canara Bank will subsume Syndicate Bank; 3. Andhra Bank and Corporation Bank will merge with Union Bank of India; and. 4. Allahabad Bank will become part of the Indian Bank. With this, the number of public sector banks in India will come down to 12. Attempt Free Bank Exams Mock test on oliveboard.
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Syndicate Bank + Canara Bank . Syndicate Bank merged with Canara Bank. Canara Bank is the fourth largest public sector bank. There are a total of 10,342 branches of Canara Bank with an overall business of Rs.15.20 lakhs. As both of these banks have similar work cultures, seamless integration is possible. Allahabad Bank + Indian Bank . The ...
Mar 5, 2020 · The Board of Canara Bank at its meeting held on 05 March 2020 has approved the following for amalgamation of Syndicate Bank into Canara Bank -. Share Exchange Ratio, subject to applicable statutory/ regulatory approvals: 158 equity shares of Rs. 10/ - each of Canara Bank for every 1000 equity shares of Rs.10/ - each of Syndicate Bank.
