Saturday, December 20, 2008

Bank Mergers.

Most of the Indian banks have attained their present size and stature not only by means of organic growth but also to some extent through the process of acquisition ofsmaller banks and through mergers.
The following is the list of mergers since January 1990 in Indian banking sector-
1.Bank of Tamil Nadu was merged with IOB on 20th February 1990.
2Bank of Tanjavoor Ltd was merged with Indian Bank on 20th February1990.
3.Parur Central Bank LTd was merged with Bank of India on 20th February 1990.
4.Purbanchal Bank Ltd was merged with CBI on 29th August 1990.
5.Kashinath Seth Bank Ltd was merged with State Bank of India on 1st Jan.1996.
6.Bari Doab Bank Ltd was merged with OBC on 8th April 1997.
7.Sikkim Bank Ltd was merged with UBI on 22nd Dec 1999.
8Punjab Co-op. Bank Ltd was merged with OBC on 8th April 1997.
9.Bareily Co-op.Bank Ltd was mergedwith Bank of Baroda on 3rd June 1999.
10.Times Bank Ltd was merged with HDFC Bank on 26th Feb,2000.
11.Bank of Madura Ltd was merged with ICICI Bank on 10th March 2001.
12.Benares State Bank was merged with BOB on 20th June 2002.
13.Nedungadi Bank Ltd was merged with PNB on 1st Feb,2003.
14.South Gujarat LAB Ltd was merged with BOB on 25th June 2004.
15.Global Trust Bank Ltd was merged with OBC on 14th August 2004.
16.Bank of Punjab Ltdwas merged with Centurion Bank on 1st October,2005.
17.IDBI Bank was merged with IDBI on 2nd April 2005.
18.Ganesh Bank of Kurundwad was merged with Federal Bank Ltd on 2nd Sept,2006.
19.United Western Bank Ltdwas merged with IDBI Ltd on 3rd October 2006.
20.Bharat Overseas Bank was merged with IOB on 31st March 2007.
21.Sangli Bank Ltd was merged with ICICI Bank on 19th April,2007.
22.Lord Krishna Bank Ltd was merged with Centurion Bank of Punjab on 29th August 2007 and CBOP was later merged with HDFC Bank Ltd.
23.State Bank Of Saurashtra was merged with SBI on August 2008.

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