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  2. www.unionbankofindia.co.in › english › amalgamationAmalgamation of Andhra Bank and ... - Union Bank of India

    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.

  3. www.moneycontrol.com › news › indiaBank merger: Union Bank, Andhra Bank, Corporation Bank ...

    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...

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  5. en.wikipedia.org › wiki › Andhra_BankAndhra Bank - Wikipedia

    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$180 billion) and 9,609 branches.

  6. www.businesstoday.in › latest › economy-politicsUnion Bank of India merger with Andhra Bank, Corporation Bank ...

    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.

  7. www.rbi.org.in › Scripts › BS_PressReleaseDisplayReserve Bank of India - Press Releases

    Mar 28, 2020 · Branches of Andhra Bank and Corporation Bank to operate as branches of Union Bank of India from April 1, 2020. The Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme, 2020 dated March 4, 2020, issued by the Government of India was published under Extraordinary Part II-Section 3-Sub-section (i) in the Gazette of ...

  8. economictimes.indiatimes.com › industry › bankingUnion Bank becomes 5th largest PSB post merger with Andhra ...

    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 ...

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