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Corporation Bank gets nod for merger with Union Bank of India

17 Sep 2019 Evaluate

Corporation Bank’s board has given its in-principle approval for the merger with Union Bank of India. The board of directors in its meeting held on September 16, 2019 has given in-principle approval for the amalgamation of the Corporation Bank into Union Bank of India.

Earlier on September 9, 2019 Union Bank of India had informed about an in-principle approval of its board for the amalgamation of Andhra Bank and Corporation Bank into it. While, Andhra Bank board on September 13 had given its in-principle approval for the amalgamation of the lender alongside Corporation Bank into Union Bank of India.

Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906.

Corp. Bank-Amalgamat Share Price

22.60 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
State Bank Of India 1015.05
PNB 110.45
Bank Of Baroda 246.60
Canara Bank 125.70
Union Bank Of India 170.50
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