Indian Bank announced that the Government of India, Ministry of Finance, Department of Financial Services on 13 November 2019 (communication received on 16 November 2019) has advised
that the Alternative Mechanism (AM) has accorded its in-principle approval to the proposed amalgamation of Allahabad Bank into Indian Bank with Indian Bank as the transferee bank and Allahabad Bank as transferor bank.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content