Why did centurion sandbank merge near ridge of punjab, what benefits they get?
Answers:
Private Banks are taking to the consolidation route in a big channel. Bank of Punjab (BoP) and Centurion Bank (CB) own be merged and the combined wall will be call Centurion Bank of Punjab. The merger of the bank will hold a presence of 240 branches and extension counters, 386 ATMs, give or take a few 2.2 million customers.
Gains from the merger -
Combined entity the Punjab-centurion wall would be the among the top 10 private sector bank within the country.
Merged entity would benefit from the certainty that centurion guard have not long written of its impossible loans against equity.
Branch exchange cards of the two bank will complement respectively other. The combined entity will enjoy a general accomplish.
Centurion Bank is strong contained by South India, Maharashtra and Goa whereas Bank of Punjab is strong contained by Punjab, Haryana and Delhi. While Centurion Bank have 82 per cent of its business coming from retail, Bank of Punjab is strong in the Small and Medium Enterprises (SMEs) segment and agricultural sector.
The book advantage of the mound would also run up to around Rs 300 crore. The greater book worth should relief the combine entity to mobilize funds at lower rate.
The combined guard will be full-service commercial hill near a strong presence within the Retail, SME and Agricultural segment.
gabru.