Search results
Feb 24, 2021 · List of Bank Mergers in India – Mega PSB Merger: As per the bank amalgamation plan, Oriental Bank of Commerce and United Bank of India will amalgamate into Punjab National Bank; Syndicate Bank into Canara Bank; Andhra Bank and Corporation Bank into Union Bank of India; Allahabad Bank into Indian Bank. In 2017, There were as many as 27 PSBs in ...
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.
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.
On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Syndicate Bank would be merged with Canara Bank. The proposed merger would create the fourth largest public sector bank in the country with assets of ₹ 15.20 lakh crore (US$180 billion) and 10,324 branches.
Sep 13, 2019 · Canara Bank board on Friday gave in-principle approval to its merger with Syndicate Bank. The board also gave nod to capital infusion of up to Rs 9000 crore by the government for preferential...
Mar 31, 2020 · BENGALURU: The amalgamation of Syndicate Bank into Canara Bank would come into effect from Wedenesday. The combined Bank will have 10,391 branches and 12,829 ATMs, a Canara Bank statement said...
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
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...
Sep 13, 2019 · Canara Bank's merger with Syndicate Bank would form the fourth largest public sector bank in India. The board of Canara Bank has given in-principal approval to the merger with Syndicate Bank....
Aug 30, 2019 · The Canara Bank has business worth Rs 10.4 lakh crore and the Syndicate Bank Rs 4.7 lakh crore. With 10,342 branches across the country, the two banks together will form the third-largest branch network.
