 
Gains from the merger
Combined entity the Punjab-centurion bank would be the among the top 10 private sector banks in the country.
Merged entity would benefit from the fact that centurion bank had recently written of its bad loans against equity.
Branch network of the two banks will complement each other. The combined entity will have a nationwide reach.
Centurion Bank is strong in South India, Maharashtra and Goa whereas Bank of Punjab is strong in Punjab, Haryana and Delhi. While Centurion Bank has 82 per cent of its business coming from retail, Bank of Punjab is strong in the Small and Medium Enterprises (SMEs) segment and agricultural sector.
The book value of the bank would also go up to around Rs 300 crore. The higher book value should help the combine entity to mobilize funds at lower rate.
The combined bank will be full-service commercial bank with a strong presence in the Retail, SME and Agricultural segments.
Merger of Centurion Bank and Bank of Punjab... Click here
Highlights of the merger ... Click here
Share holding pattern of Centurion Bank of Punjab ... Click here
Financials of the Centurion Bank of Punjab ... Click here
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