Post-merger, the bank will not require capital on an immediate basis, she added. Chunduru further said the merged entity will retain Allahabad Bank's stakes in two firms -- a general insurance ...

Corporation Bank and Allahabad Bank lost their individual identity as they were merged into four bigger lenders with the objective to make them globally competitive. "PSBs' amalgamation today will ...

United Bank of India and Oriental Bank of Commerce merged with Punjab National Bank; Syndicate Bank with Canara Bank; Allahabad Bank with Indian Bank; and Andhra Bank and Corporation Bank with ...