A/c numbers won’t change after Union Bank’s 3-way merger: MD

A/c numbers won’t change after Union Bank’s 3-way merger: MD

Mayur.Shetty@timesgroup.comMumbai: Union Bank of India is set to double in size in a few months following the merger with Corporation Bank and Andhra Bank. The government has already infused Rs 11,700 crore into Union Bank and has indicated April 1 as a tentative date for the merger. In an interview with TOI, the bank’s MD & CEO Rajkiran Rai G speaks of how learnings from Bank of Baroda’s amalgamation have helped save several months in implementing the merger. Excerpts:ExpandWhat stage has the merger reached in terms of approvals?We are working with a plan to compete the process as early as possible and we are working with April 1 as a tentative date. The boards of the respective…
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Source: https://timesofindia.indiatimes.com/business/india-business/a/c-numbers-wont-change-after-union-banks-3-way-merger-md/amp_articleshow/73163259.cms