MoneyWorks4Me

Indian Bank receives approval of Alternative Mechanism for amalgamation

18 Nov 2019 Evaluate

Government of India, Ministry of Finance, Department of Financial Services has advised that the Alternative Mechanism (AM) has accorded its in-principle approval to the proposed amalgamation of Allahabad Bank into Indian Bank with Indian Bank as the transferee bank and Allahabad Bank as transferor bank.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.


Peers
Company Name CMP
State Bank Of India 949.75
PNB 116.65
Bank Of Baroda 239.00
Canara Bank 120.10
Union Bank Of India 173.75
View more..