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Syndicate Bank gets Govt’s approval for proposed amalgamation

20 Nov 2019 Evaluate

Syndicate Bank has received a communication from Government of India, Ministry of Finance Department of Financial Services stating that the Alternative Mechanism (AM) has accorded in-principle approval to proposed amalgamation of Syndicate Bank into Canara Bank with Canara Bank as the transferee bank and Syndicate Bank as the transferor bank.

Syndicate Bank is one of the oldest and major commercial banks of India.


Peers
Company Name CMP
State Bank Of India 989.80
PNB 117.20
Bank Of Baroda 234.80
Canara Bank 123.50
Union Bank Of India 177.00
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