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Bank of India exploring merger possibility with other banks

18 Sep 2017 Evaluate

Bank of India is exploring the possibility of merger with other banks based on the kind of synergy in business. Moreover, the bank is in the process of strengthening its systems and processes before exploring merger possibilities.

Talks of bank mergers gathered momentum after five of State Bank of India’s associate banks and Bharatiya Mahila Bank merged with the parent entity.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Peers
Company Name CMP
State Bank Of India 952.60
PNB 116.40
Bank Of Baroda 232.60
Canara Bank 121.45
Union Bank Of India 171.90
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