Merger of hdfc bank and centurion bank of punjab
Mumbai — hdfc bank, india's third-biggest lender by market capitalization, has agreed to buy centurion bank of punjab, making the all-share deal the biggest buyout in the nation's financial sector. The slides show the details of the largest merger in indian banking sector between hdfc bank and cbop the benifits and the side effects of the merger are also.
Hdfc bank recruiting centurion bank of punjab lender, hdfc bank, is acquiring centurion bank of punjab merger gives hdfc on a platter. Read more about hdfc bank, centurion boards okay merger on business standard the boards of directors of hdfc bank and centurion bank of punjab (cbop) today separately gave their in-principle approvals for merger of the two banks. Mergers in indian banks: a study on mergers of hdfc bank ltd and centurion bank of punjab ltd devarajappa s bank of punjab merged with the centurion bank. Hdfc bank and centurion bank of punjab receive rbi approval for merger the reserve bank of india has sanctioned the scheme of amalgamation of centurion bank of punjab ltd with hdfc bank ltd.
The merger between hdfc bank and centurion bank of punjab has been finalized on 26 feb, 2008 the swap ratio for merger is around 29 shares of re 1 of cbop, an investor will get one share of rs 10 of hdfc bank in last two days, at the time of merger the share price of cbop moved from rs 4985 to rs 5640. Centurion bank of punjab limited has informed the exchange vide its letter dated february 25, 2008, that: the board of directors of the bank met today to consider and approve the swap ratio in relation to the proposed merger of centurion bank of punjab limited with hdfc bank ltd the board approved.
The bride gets the groom the bank of punjab looking for a perfect groom to clean up its account and the centurion bank in search of business have finally agreed to merge. Hdfc bank and centurion bank of punjab (cbop) will be merged to form a bigger bank the announcement of merger will be made after both the banks' board meeting on saturday banking sources said both banks have agreed to merge as it fits into their growth prospects. Analysis of before and after merger of centurion bank of punjab with hdfc bank indicates that after merger, gross profit margin, net profit margin.
The merger would provide hdfc bank with greater access to the north (punjab and haryana) as well as the south (particularly kerala), thereby strengthening its presence in those regions apart from the strong retail focus of both the banks, centurion bank's strong small and medium enterprise relationships would complement hdfc's bias towards highly rated corporates thus expanding hdfc's network. The boards of hdfc bank and centurion bank of punjab on saturday agreed, in-principle, for a merger between the two banks. The bank listed its shares on the major indian stock exchanges and on the luxembourg stock exchange on 23 may 2008 hdfc bank acquired centurion bank of punjab history centurion bank was incorporated on 30 june 1994 and received its certificate of commencement of business on 20 july.
On february 25th the boards of hdfc bank and centurion bank of punjab (cbop) agreed to the biggest merger in indian banking history, valued at around rs952bn (us$24 billion). Read more about hdfc bank, cbop share swap ratio of 1:29 on business standard mumbai, february 25, 2008: the boards of hdfc bank and centurion bank of punjab met today and approved, subject to due diligence, the share swap ratio for the proposed merger of centurion bank of. Bank and centurion bank of punjab on shareholder value after initiating the first market-driven merger in 1999, hdfc bank has again taken the lead by announcing the.
Merger of centurion bank of punjab and hdfc bank • altaf hussain siddiqui • rahul dhandania • pankaj singh • vikram duggal • rajendra inani • vaibhav samant 2. Hdfc india was incorporated in august 1994 in the name of 'hdfc bank limited' hdfc india commenced operations as a hdfc bank merge with centurion bank of punjab.
Centurion bank of punjab and hdfc bank directors approve merger talks. Merger of centurion bank of punjab during the year ended march 31, 2009, the reserve bank of india accorded its consent to the scheme of amalgamation of centurion bank of punjab limited (“cbop”) with hdfc bank limited. The boards of hdfc bank and centurion bank of punjab met today and approved, subject to due diligence, the share swap ratio for the proposed merger of centurion.Get file