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Aug 30, 2019 · During a press conference on Friday, Finance Minister Nirmala Sitharaman announced the merger of two banks - Canara Bank and Syndicate Bank - both of which operate predominantly in the South.
Mar 28, 2020 · Consequently, all branches of Syndicate Bank will function as branches of Canara Bank from April 1, 2020. Customers, including depositors of Syndicate Bank, will be treated as customers of Canara Bank with effect from April 1, 2020.
Oct 15, 2019 · Canara Bank's planned merger with Syndicate Bank Ltd. will create India's fourth-largest public sector bank, according to data compiled by S&P Global Market Intelligence.
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...
May 14, 2024 · As per the Indian Reserve Bank (RBI) rules, Syndicate Bank and Canara Bank merged on April 1, 2020. However, the bank’s IFSC code stayed the same for nearly a year to offer consumers a buffer period.
Aug 30, 2019 · merged entity >> Second largest PSU lender in India, with 11,437 branches >> Total business Rs 17.95 lakh crore, 1.5 times current size of PNB >> Will ensure high CASA and lending capacity >> Result in large cost reduction due to network overlaps >> Create income opportunities for JVs and subsidiaries
Aug 30, 2019 · According to Finance Minister Nirmala Sitharaman, Canara Bank and Syndicate Bank will be merged into one entity, while Union Bank of India, Andhra Bank and Corporation Bank will be amalgamated into a single entity.
