«
»

Union Bank of India may acquire Andhra Bank

Union Bank of India, a commercial bank, is interested in acquiring Andhra Bank, a provider of banking and financial services. Both the entities are based in India.

Based on the closing price of Andhra Bank common stock of INR113.45 ($2.46) per share on November 19, 2009, the bank is estimated to be worth INR 55,023.25 million ($1,191.3 million). Reportedly, Punjab National Bank is also interested in acquiring Andhra Bank.

Earlier on November 18, 2009, The Ministry of Finance held preliminary talks for consolidation among public sector banks in India.

Click For Union Bank of India Products.

1.Union Bank of India Home Loan

2.Union Bank of India Personal Loan

  • Share/Bookmark

Tags: , ,

This entry was posted on Tuesday, November 24th, 2009 at 12:45 pm and is filed under loan, loans, personal loan. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.



Leave a Reply

You must be logged in to post a comment.

pageTracker._initData(); pageTracker._trackPageview(); _trackPageView(opt_pageURL) } catch(err) {}