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Apr 1, 2020 · The ‘Record Date’ for issuing and allotting equity shares of the Union Bank of India to the shareholders of Andhra Bank and Corporation Bank is March 23, 2020. The Board of Directors of the Union Bank of India has approved allotment of 2,98,40,25,503 equity shares (2,97,88,35,104 shares in demat mode and 51,90,399 in physical mode) to the ...
Aug 30, 2019 · A total of 10 PSU banks will be merged into four entities. As part of the mega-merger plan, Andhra Bank and Corporation Bank will be merged with Union Bank of India. In a media briefing ...
Jan 9, 2022 · After the merger of Public Sector Banks Corporation Bank and Andhra Bank with the Union Bank Of India For an excellent banking experience announced new IFSC Codes for Branch Code Identification Customers can check new IFSC Codes For next banking transactions. To let the customers enjoy a seamless banking experience the customers of UBI are allowed to use the current IFSC and MICR codes till March 31, 2021
Corporation Bank was a public-sector banking company headquartered in Mangalore, India.The bank had a pan-Indian presence. Presently, the bank has a network of 2,432 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country. In 2019, finance minister Nirmala Sitharaman announced that Corporation Bank and Andhra Bank would be merged into the Union Bank of India, with all their branches becoming branches of the latter on 1 April 2020.
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.
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 14.59 lakh ...
Jul 12, 2022 · Andhra Bank and Corporation Bank are merged with Union Bank of India. Post-merger, the anchor bank would be worth ~Rs. 14.59 tn., making it India’s 5th largest state-run bank. After Allahabad Bank is merged with Indian Bank, the latter would be the 7th largest PSB at ~Rs. 8.08 tn. To help banks manage and dodge associated risks, state-run banks had to appoint specialised Chief Risk Officers (CRO) with market-linked compensation.
Dec 2, 2020 · The amalgamation of Corporation Bank and Andhra Bank into Union Bank came into effect from April 1 this year. (You can now subscribe to our Economic Times WhatsApp channel) Read More News on. corporation bank transact treasury Union Bank of India Unified payments interface (Catch all the Business News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)
Apr 1, 2020 · 8. With this mega-bank mergers, the number of PSBs will get consolidated from 27 banks in 2017 to 12 banks in 2020. 9. The new 12 public sector banks will be -- six merged banks and six ...
Company History - Corporation Bank [Merged] 1906 - The Company was Incorporated at Udipi. The Bank transacts banking business of every description. The undertaking of the Corporation Bank Ltd., was taken over by Government by an Ordinance promulgated on 15th April, 1980 viz., Banking Companies (Acquisition and Transfer of Undertakings) Ordinary, 1980 and vested in a new bank under the name "Corporation Bank". - The Bank sponsored a RRB under the name "The Chikmagalur-Kodagu Grameen Bank ...
