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Provider: Spark Capital Advisors(India) Private Limited

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Corporation Bank Announces Amalgamation Of Bank

Thursday, 27 Dec 2012 06:57am EST 

Corporation Bank announced that the Board of the Bank in its meeting held on December 26, 2012, has noted the amalgamation of the Chikmagalur Kodagu Gramin Bank, a Regional Rural Bank (RRB), sponsored by it with Cauvery Kalpataru Grameena Bank sponsored by State Bank of Mysore, with effect from November 01, 2012 as per the directions of Government of India, Ministry of Finance, Department of Financial Services, vide their Notification dated November 01, 2012. Financial terms of the transaction were not disclosed. 

Company Quote

-10.35 -2.81%
5:47am EDT