Tag Archives: centurion bank of punjab

India Post enters into Foreign Exchange market


Department of Posts and Centurion Bank of Punjab signed agreement to provide foreign exchange services to the public.

To start with project will offer forex services from 31 head post offices in 11 states. The project will facilitate both the encashment of foreign exchange and transfer of money in foreign currency. While the main foreign exchange business will be operated by the Centurion Bank of Punjab.

HDFC acquires Centurion Bank – biggest financial deal in India


HDFC Bank and Centurion Bank of Punjab Boards agreed, for a merger between the two banks– in what is poised to be the biggest financial sector deal in India’s banking history.

HDFC Bank is the third biggest bank in the country by share market value. Centurion Bank of Punjab itself had acquired the privately-owned Lord Krishna Bank in last year.