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Apr 1, 2020 · Reserve Bank of India has notified the Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme. It shall come into force on April 1, 2020.
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$170 billion) and 9,609 branches.
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...
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. The government in August 2019 had...
Notice is hereby given that the Board of Directors of Andhra Bank (“Transferor Bank – 1”), Corporation Bank (“Transferor Bank – 2”) and Union Bank of India (“Transferee Bank”) (collectively, “the concerned banks”) at their respective meetings held on March 5, 2020 have approved the following Equity Exchange Ratio as per the ...
Mar 28, 2020 · Consequently, all branches of Andhra Bank and Corporation Bank will function as branches of Union Bank of India from April 1, 2020. Customers, including depositors of Andhra Bank and Corporation Bank, will be treated as customers of Union Bank of India with effect from April 1, 2020. (Yogesh Dayal) Chief General Manager
Mar 5, 2020 · Andhra Bank and Corporation Bank will be amalgamating into Union Bank of India with effect from 01 April 2020. The board of Andhra Bank at its meeting held on 05 March 2020 has approved the following Equity Share Exchange Ratio for amalgamation of Andhra Bank into Union Bank of India:
