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.
|Centurion Bank Of Punjab
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.