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Andhra Bank gets Govt’s approval for proposed amalgamation

21 Nov 2019 Evaluate

Andhra Bank has received a communication from Ministry of Finance, Government of India stating that the Alternative Mechanism (AM) has accorded in-principle approval to the proposed amalgamation of Andhra Bank and Corporation Bank into Union Bank of India with Union Bank of India as the transferee Bank and Andhra Bank and Corporation Bank as transferor Banks.

Andhra Bank offers a wide range of services such as Retail banking, Agriculture, MSME, Corporate, NRI services and Personal banking services etc.

Peers
Company Name CMP
State Bank Of India 963.90
PNB 122.25
Bank Of Baroda 237.50
Canara Bank 120.05
Union Bank Of India 181.05
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