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Union Bank of India on Monday said its board of directors has approved merger of Andhra Bank and Corporation Bank with itself and given nod for a capital infusion of Rs 17,200 crore in the current financial year. The decision was taken at the meeting of the board of directors held on Monday, the bank said in a regulatory filing.
The board “considered and given its in-principle approval for the amalgamation of Andhra Bank and Corporation Bank into Union Bank.
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“And,…
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