≡ Menu

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.

Key Parameters HDFC Bank Centurion Bank Of Punjab
Branches 754 394
ATMs 1,906 452
Employees(approx) 99,387 20,710

Still the merged will be way below India’s biggest private sector bank ICICI and state-run State Bank of India in terms of assets.

{ 1 comment… add one }
  • Jay Benton November 12, 2008, 6:11 pm


Leave a Comment