DOCSLIB.ORG

Research Methodology: This Study Analyses the Financial Data of Selected Acquirer Banks in the Period of 2000-2010. in Order To

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Research Methodology: This Study Analyses the Financial Data of Selected Acquirer Banks in the Period of 2000-2010. in Order To Research Methodology: This study analyses the financial data of selected acquirer banks in the period of 2000-2010. In order to evaluate the financial performances of the merging banks in the long run, at least five years financial data is required. Data Collections: The required data is going to collect from the annual reports of the selected banks to calculate the financial performances. This research is going to evaluate the financial performances of 4 banks (2 private sector banks i.e. HDFC & ICICI BANK and 2 public sector banks i.e. SBI and Indian Overseas Bank.) pre and post mergers and acquisitions period for 10 years i.e. 5years pre mergers and acquisitions and 5years post mergers and acquisitions period. The pre and post financial performances will be evaluated with the help net income, net profit, operating profit, and profit after tax, working capital, earning per share, and market price per share, deposits and investments, which all information’s will derived from its financial report. The required data to calculate shareholder’s wealth is going to collect from the BSE Index. To calculate the shareholder’s wealth of acquirer banks ‘EVENT STUDY’ method is going to adopt. To do Event Study, Event Window has been taken for 21 days (i.e. 10 days before the event and 10 days after the particular event and one day is the particular event date). Apart from the above primary data, the secondary data is going collect from various sources like the Reserve Bank of India website, various newspapers, magazines and journals articles etc. Table2: List of Mergers and Acquisitions happened with selected acquirer banks from 2000- 2010: Name of acquired bank Name of acquirer bank Date of Merger Times Bank Ltd. HDFC Bank Ltd. February26, 2000 Bank of Madura Ltd. ICICI Bank Ltd. March10, 2001 Bharat Overseas Bank Ltd Indian Overseas Bank March 31,2007 Centurion Bank of Punjab Ltd. HDFC Bank Ltd. May 23, 2008 State Bank of Indore State Bank of India August 10, 2010 Bank Of Rajasthan ICICI Bank Ltd. May 18,2010 Source: “Competition and Consolidation: Recent Trends in Mergers and Amalgamations”, RBI Publications, Vol. VIII, Dated: 04 Sep 2008. ‘State Bank of Indore branches to become SBI units from Aug 26’, The Economic Times, August 25, 2010. ‘ICICI Bank Board gives in-principle approval for merger of Bank of Rajasthan’, News Release By ICICI Bank, May 18, 2010. Statistical Tools: The impact of mergers and acquisitions on financial performances of the acquirer bank can be tested with the help of Paired ‘t’ test. Paired T test is applicable when the data is derived from study subjects who have been measured at two time points (so each individual has two measurements). The two measurements generally are before and after a treatment intervention. And, the impact of mergers and acquisitions on shareholder’s wealth can be tested with the help of ‘t’ test. A t-test is a statistical hypothesis test in which the test statistic follows a Student's t distribution if the null hypothesis is supported. Student's t-test deals with the problems associated with inference based on "small" samples: the calculated mean and standard deviation may by chance deviate from the "real" mean and standard deviation. A confidence interval of 95% has been set for difference in means..
Load more

Recommended publications
  • Growth Story of IOB
    Touching Hearts and Spreading Smiles: Growth Story of IOB Mr. P. N. Joshi* Indian Overseas Bank @75: The Saga of Good People to Grow with: N. K. Thingalaya, M. S. Moodithaya and N. S. Shetty: Publisher: Indian Overseas Bank, Chennai: 2012: (Unpriced). Indian Overseas Bank (IOB), ab initio, is unique in many respects. Its birth was simultaneously at two places. In 1937 it was established at Madras (Chennai) and at birth itself like the mythical 'Hanuman', it jumped across the Indian borders and started functioning in Kuala Lumpur (Malaysia). Its founding father, M. Ct. M. Chidambaram Chettyar was the youngest banking genius barely under the thirties. Banking was in his genes. Normally banks in India at initial stages had the modest objective of serving the locals; but, IOB spread its wings in international markets. Again, IOB went in for partial privatization through public usually, Indian banks, as and when they ventured offering in September 2000. Imaginative title for this abroad, they turned to the West but IOB couriered to event viz. "IOB enters Dalal Street" speaks volumes the East. Thus, from the beginning, IOB has unique about the spark of the authors. attributes which it has preserved and polished during its long journey of 75 years, with an imaginative slogan, Indian Overseas Bank with its catchy slogan, "Touching "Touching Hearts and Spreading Smiles." Hearts and Spreading Smiles" has galloped over the 75 years from a business mix of ` 88 lakhs in 1937 to The enchanting story of IOB has been encapsulated by ` 3 lakh crores in 2012. The colourful balance sheets the reputed trinity comprising scholar Bank Economist, of both these years at the beginning of the document Dr.
    [Show full text]
  • Do Bank Mergers, a Panacea for Indian Banking Ailment - an Empirical Study of World’S Experience
    IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 21, Issue 10. Series. V (October. 2019), PP 01-08 www.iosrjournals.org Do Bank Mergers, A Panacea For Indian Banking Ailment - An Empirical Study Of World’s Experience G.V.L.Narasamamba Corresponding Author: G.V.L.Narasamamba ABSTRACT: In the changed scenario of world, with globalization, the need for strong financial systems in different countries, to compete with their global partners successfully, has become the need of the hour. It’s not an exception for India also. A strong financial system is possible for a country with its strong banking system only. But unfortunately the banking systems of many emerging economies are fragmented in terms of the number and size of institutions, ownership patterns, competitiveness, use of modern technology, and other structural features. Most of the Asian Banks are family owned whereas in Latin America and Central Europe, banks were historically owned by the government. Some commercial banks in emerging economies are at the cutting edge of technology and financial innovation, but many are struggling with management of credit and liquidity risks. Banking crises in many countries have weakened the financial systems. In this context, the natural alternative emerged was to improve the structure and efficiency of the banking industry through consolidation and mergers among other financial sector reforms. In India improvement of operational and distribution efficiency of commercial banks has always been an issue for discussion for the Indian policy makers. Government of India in consultation with RBI has, over the years, appointed several committees to suggest structural changes towards this objective.
    [Show full text]
  • Indian Overseas Bank Headquarters, History, Logo, Tagline Etc
    www.gradeup.co 1 www.gradeup.co Indian Overseas Bank Full Details: Indian banking industry recruits thousands of aspirants among its officer and clerk cadre. Indian Overseas Bank is one among them. This article discusses the Indian overseas Bank MD and CEO and Board of Directors along with Indian Overseas Bank Headquarters, History, Logo, Tagline etc. Indian Overseas Bank is one among India's 12 Public Sector Banks. The primary objective of establishment of the Indian Overseas Bank to tap into the potential foreign exchange market. Get Banking Exams Important Updates, Study- Notes, Free PDF's & more, Join Gradeup Banking Telegram Group Join Now In this article, we have listed the Interest Rate of Indian Overseas Bank, subsidiaries and joint ventures of IOB, tagline and logo and many other important exam relevant facts. This article will help you prepare for the recruitment exams of many public sector banks of India such as SBI, PNB, BoB, UBI, Central Bank of India, Canara Bank, BoI, Indian Bank etc. So, lets us discuss the details about the Indian Overseas Bank in detail. History of Indian Overseas Bank: • Indian Overseas Bank (IOB) was founded on 10th February 1937. • Shri. M.Ct.M. Chidambaram Chettyar was the founder of the Indian Overseas Bank. • The main objective of the bank was to specialize in the foreign exchange business in the banking industry. • At the time of India's Independence, IOB had 38 branches in India and 7 branches abroad and Deposits stood at Rs.6.64 Crores and Advances at Rs.3.23 Crores. 2 www.gradeup.co • IOB was nationalized in 1969 along with 13 other banks by Government of India.
    [Show full text]
  • Relationship Between Merger Announcement and Stock Returns: Evidence from Indian Banking”
    “Relationship between merger announcement and stock returns: evidence from Indian banking” Muneesh Kumar AUTHORS Shalini Kumar Laurence PORTEU De La Morandiere Muneesh Kumar, Shalini Kumar and Laurence PORTEU De La Morandiere ARTICLE INFO (2011). Relationship between merger announcement and stock returns: evidence from Indian banking. Banks and Bank Systems, 6(4) RELEASED ON Wednesday, 08 February 2012 JOURNAL "Banks and Bank Systems" FOUNDER LLC “Consulting Publishing Company “Business Perspectives” NUMBER OF REFERENCES NUMBER OF FIGURES NUMBER OF TABLES 0 0 0 © The author(s) 2021. This publication is an open access article. businessperspectives.org Banks and Bank Systems, Volume 6, Issue 4, 2011 Muneesh Kumar (India), Shalini Kumar (India), Laurence Porteu de La Morandiere (France) Relationship between merger announcement and stock returns: evidence from Indian banking Abstract This paper examines the relationship between merger announcements with the stock returns in the Indian Banking during the period of 1999-2008. Using event study methodology, it attempts to ascertain whether the bidder banks experience significant abnormal returns during the post-announcement and pre-announcement periods. The results indicate that bidder banks may or may not experience any significant abnormal returns during the post-announcement period. No bank specific characteristics could explain the pattern of market reaction to merger announcements. How- ever, significant abnormal returns were observed in daily share prices in majority of the cases, during the pre- announcement period, indicating possibility of leakage of information in the market. Keywords: mergers in banks, merger announcement, consolidation in banking, market reaction, event study methodology, abnormal stock returns, pre-announcement, post-announcement, bidder banks, facilitated mergers, market driven mergers.
    [Show full text]
  • District Statistical Hand Book Chennai District 2016-2017
    Government of Tamil Nadu Department of Economics and Statistics DISTRICT STATISTICAL HAND BOOK CHENNAI DISTRICT 2016-2017 Chennai Airport Chennai Ennoor Horbour INDEX PAGE NO “A VIEW ON ORGIN OF CHENNAI DISTRICT 1 - 31 STATISTICAL HANDBOOK IN TABULAR FORM 32- 114 STATISTICAL TABLES CONTENTS 1. AREA AND POPULATION 1.1 Area, Population, Literate, SCs and STs- Sex wise by Blocks and Municipalities 32 1.2 Population by Broad Industrial categories of Workers. 33 1.3 Population by Religion 34 1.4 Population by Age Groups 34 1.5 Population of the District-Decennial Growth 35 1.6 Salient features of 1991 Census – Block and Municipality wise. 35 2. CLIMATE AND RAINFALL 2.1 Monthly Rainfall Data . 36 2.2 Seasonwise Rainfall 37 2.3 Time Series Date of Rainfall by seasons 38 2.4 Monthly Rainfall from April 2015 to March 2016 39 3. AGRICULTURE - Not Applicable for Chennai District 3.1 Soil Classification (with illustration by map) 3.2 Land Utilisation 3.3 Area and Production of Crops 3.4 Agricultural Machinery and Implements 3.5 Number and Area of Operational Holdings 3.6 Consumption of Chemical Fertilisers and Pesticides 3.7 Regulated Markets 3.8 Crop Insurance Scheme 3.9 Sericulture i 4. IRRIGATION - Not Applicable for Chennai District 4.1 Sources of Water Supply with Command Area – Blockwise. 4.2 Actual Area Irrigated (Net and Gross) by sources. 4.3 Area Irrigated by Crops. 4.4 Details of Dams, Tanks, Wells and Borewells. 5. ANIMAL HUSBANDRY 5.1 Livestock Population 40 5.2 Veterinary Institutions and Animals treated – Blockwise.
    [Show full text]
  • (Rs.) 1 In300394 12256108 a Babu No 22/8 Kalas Thathavadiar Street K
    SASKEN TECHNOLOGIES LIMITED INTERIM DIVIDEND FOR THE YEAR 2015-16 AS OF 31-MAR-2018 TO BE TRANSFERRED TO IEPF ON 25-NOV-2022 SL. FOLIO NO. / AMOUNT CLIENT ID NAME ADDRESS PIN NO. DP ID (RS.) 1 IN300394 12256108 A BABU NO 22/8 KALAS THATHAVADIAR STREET KALASPALAYAM VELLORE 632001 360.00 2 SCT0000180 A C ARAVIND # 77/C, I FLOOR, 18TH CROSS, 6TH MAIN, MALLESWARAM BANGALORE 560055 300.00 3 IN301895 10759413 A SOMASEKHAR C/O G PITCHAIAH D NO 40-6-27 LABBIPET VIJAYAWADA, ANDHRA PRADESH 520010 150.00 4 SCT0000947 A SRINATH SUBHODAYA,KESTON ROAD, VELLAYAMBALAM, TRIVENDRUM KERALA 695003 30.00 5 IN301895 10217670 A SRINIVASAN 381/5, NETHAJI STREET LAKSHMIPURAM P O PERIYAKULAM TALUK THENI, TAMILNADU 625523 150.00 6 SCT0001311 A V HARIPRASAD REDDY 231/B SRI KALA NILAYAM, S G PALYA C V RAMANNAGAR BANGALORE 560093 90.00 7 120298 0000150892 A.MURUGAIAH 64,VADAKKATHI AMMAN KOVIL- STREET,MELAKADAYANALLUR, TENKASI(TK),TIRUNELVELI, 627751 15.00 MELAKADAYANALLUR TAMILNADU 8 IN302902 46946318 ABDUL GAFFAR B/302 NCL DUDHICHUA SINGRAULI MADHYA PRADESH,INDIA 486890 135.00 9 IN301135 26634035 ABHIJEET AURADKAR SASKEN NO 690 GOLD HILL SQUARE HOSUR MAIN ROAD BOMMANHALLI BANGALORE 560068 75.00 10 130193 0001240917 ABHISHEK AGARWAL 18 SHIVTALLA STREET DACCA PATTY 4TH FLOOR KOLKATA WEST BENGAL 700007 75.00 11 IN301330 20276377 ABHISHEK SINGH GAUR H NO 735 DURGA COLONY SANJEEVANI NAGAR GARHA JABALPUR MP 482003 30.00 12 120591 0000049147 AJAY KUMAR BAGHEL N. C. L. NIGAHI PROJECT SIDHI SIDHI M.P. 486884 1,410.00 13 IN301696 10594352 AJAY KUMAR GUPTA NO 60 BHAGABANDH
    [Show full text]
  • Chennai District Origin of Chennai
    DISTRICT PROFILE - 2017 CHENNAI DISTRICT ORIGIN OF CHENNAI Chennai, originally known as Madras Patnam, was located in the province of Tondaimandalam, an area lying between Pennar river of Nellore and the Pennar river of Cuddalore. The capital of the province was Kancheepuram.Tondaimandalam was ruled in the 2nd century A.D. by Tondaiman Ilam Tiraiyan, who was a representative of the Chola family at Kanchipuram. It is believed that Ilam Tiraiyan must have subdued Kurumbas, the original inhabitants of the region and established his rule over Tondaimandalam Chennai also known as Madras is the capital city of the Indian state of Tamil Nadu. Located on the Coromandel Coast off the Bay of Bengal, it is a major commercial, cultural, economic and educational center in South India. It is also known as the "Cultural Capital of South India" The area around Chennai had been part of successive South Indian kingdoms through centuries. The recorded history of the city began in the colonial times, specifically with the arrival of British East India Company and the establishment of Fort St. George in 1644. On Chennai's way to become a major naval port and presidency city by late eighteenth century. Following the independence of India, Chennai became the capital of Tamil Nadu and an important centre of regional politics that tended to bank on the Dravidian identity of the populace. According to the provisional results of 2011 census, the city had 4.68 million residents making it the sixth most populous city in India; the urban agglomeration, which comprises the city and its suburbs, was home to approximately 8.9 million, making it the fourth most populous metropolitan area in the country and 31st largest urban area in the world.
    [Show full text]
  • LOK SABHA DEBATES (English Version)
    Thirteenth Series, Vol. X II, No. 20 Friday, Decenibtr 15, 2000 Agrahayana 24, 1922 (Saka) LOK SABHA DEBATES (English Version) Fifth Session (Thirteenth Lok Sabha) QazafUl & Oab£t«« Vnit Parliamsnt Libr»ry ftuffdinf Room No FB-02B Blosic 'Q * (Vol. X II contains Nos. II to 20) LOK SABHA SECRETARIAT NEW DELHI Pricc : Rs. 50 (H) EDITORIAL BOARD G.C. Malhotra Secretary-General Lok Sabha Dr. RK. Sandhu Joint Secretary RC. Chaudhary Principal Chief Editor Y.K. Abrol Chief Editor A.R Chakravarti Senior Editor Sanjay Srivastava Assistant Editor [Original English Proceedings included in English Version and Original Hindi Proceedings included in Hindi Version wil. be treated as authoritative and not the translation thereof]. CONTENTS [Thirteenth Series, Vol. XII, Fifth Session, 2000/1922 (Saka)] No. 20, Friday, December 15, 2000/Agrahayana 24, 1922 (Saka) S ubject C olumns ORAL ANSWERS TO QUESTIONS ‘Stgrred Questions Nos. 381-383 3-28 WRITTEN ANSWERS TO QUESTIONS Starred Question Nos. 384 to 400 29-49 Unstarred Question Nos. 4146-4323 49-271 PAPERS LAID ON THE TABLE ... 271-282 ASSENT TO BILLS ... ........... 282 STANDING COMMITTEE ON INFORMATION TECHNOLOGY Sixteenth Report 283 5 BtJSlNESS OF THE HOUSE ........... 183-294 CALLING ATTENTION TO MATTER OF URGENT PUBLIC IMPORTANCE Nationwide strike by postal employees Shri Basu Deb Acharia 297 Shri Ram Vilas Paswan 298 Shri M.V.V.S. Murthi ... ... .... 306 Shrimati Shyama Singh 308 Shri Ajoy Chakraborty... 309 , Shri G.M. Banatwalla ... 310 BILLS INTRODUCED ........................................... 320 NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (AMENDMENT) B IL L ............................. 320 STATEMENT RE: NATIONAL BANK FOR AGRICULTURE AND ' ipURAL DEVELOPMENT (AMENDMENT)-OffD/AM/VC£ ..
    [Show full text]
  • The Economic Crisis and Financial Sector Restructuring in Thailand
    The Economic Crisis and Financial Sector Restructuring in Thailand Masahiro Kawai and Ken-ichi Takayasu Masahiro Kawai is Chief Economist, East Asia and Pacific, World Bank. Ken-ichi Takayasu is Senior Economist, Center for Pacific Business Studies, Sakura Institute of Research, Tokyo, Japan. 38 A STUDY OF FINANCIAL MARKETS Introduction ○○○○○○○○○ • Resolve nonviable and problem financial inst- itutions. The economic crisis in Thailand was triggered by • Strengthen the financial sector structure. the baht devaluation in July 1997 and aggravated by • Enhance the regulatory and supervisory regime. the underlying weaknesses of the country’s financial Most of the reform efforts in 1997-1999 focused ○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○○ system and corporate sector. Prior to the crisis, on the first objective, including resolving the assets Thailand had embarked on a comprehensive liberal- and liabilities of the 56 closed finance companies, ization of domestic financial markets and capital restructuring and recapitalizing troubled commercial account transactions. As a result, financial institutions banks, and resolving bank nonperforming loans began to enjoy a more liberal economic environment, (NPLs). including increased business opportunities with the In addition to financial system reform, Thailand corporate and household sectors as well as favorable also focused on corporate sector reform in order to funding terms from domestic and foreign sources. resolve serious corporate debt overhang and to create However, Thailand’s financial system was not a robust corporate sector, thereby helping restore sufficiently sound or resilient to cope with problems financial system health. The reform strategy included created by large inflows of deposits and foreign funds (i) accelerating corporate debt restructuring, (ii) as well as the subsequent expansion of domestic strengthening corporate insolvency procedures, and credit.
    [Show full text]
  • SR. NO. NAME of the SHAREHOLDER FOLIO NO/DP ID/Client ID AMOUNT (IN RS.) DATE of DECLARATION of DIVIDEND 1 MANORANJAN SAHA 10313
    J. L. MORISON (INDIA) LIMITED LIST OF UNPAID DIVIDEND SHAREHOLDERS FOR THE F.Y. 2012-13 FOLIO NO/DP AMOUNT DATE OF DECLARATION SR. NO. NAME OF THE SHAREHOLDER ID/Client ID (IN RS.) OF DIVIDEND 1 MANORANJAN SAHA 10313 P N B IN30125013158773 1.00 24th September, 2013 2 ASHIS KUMAR DEY 01190005636 STATE BANK OF INDIA IN30125013837918 5.00 24th September, 2013 JANAKBHAI NARSIBHAI CHOVATIYA 336010100016533 AXIS 3 BANK LTD. 1.20332E+15 193.00 24th September, 2013 4 VIREN MAGANLAL JOSHI 178010100286770 AXIS BANK LTD. 1.20332E+15 75.00 24th September, 2013 5 SOUDAMINI DHAL 13470 BANK OF INDIA IN30220110768323 2.00 24th September, 2013 6 REKHA UKEY 53000844611 STATE BANK OF INDORE IN30226910976558 25.00 24th September, 2013 7 SAILENDRA NATH DAS 12114 BANK OF BARODA IN30125028472452 3.00 24th September, 2013 8 JAYA BOSE 0200008227 PUNJAB NATIONAL BANK IN30155721384558 30.00 24th September, 2013 9 PULIPATI NAGA MALLESWARA RAO ASB 1718 ANDHRA BANK IN30232410045638 1.00 24th September, 2013 10 GANESHLAL BABEL 8294 UCO BANK IN30127610535868 10.00 24th September, 2013 11 SWARNA LATHA BRAMADEVIAH 50664 4.00 24th September, 2013 12 SHRINIVASA.J.M 11509 VIJAYA BANK IN30169610208493 20.00 24th September, 2013 13 PARTHA DAS 50665 1.00 24th September, 2013 PANCHAL NIRAVKUMAR I 08140140009090 KOTAK 14 MAHINDRA BANK LTD IN30305210413256 15.00 24th September, 2013 15 VIJAYALAKSHMI A R 14013 THE NATIONAL CO OP BANK LTD IN30131320673211 28.00 24th September, 2013 16 NAI LAXMANBHAI MANILAL 30480100002079 BANK OF BARODAIN30148510322293 19.00 24th September, 2013 MARAM REDDY RAMAKRISHNA REDDY 62018121389 STATE 17 BANK OF HYDERABAD IN30131321103342 100.00 24th September, 2013 18 PURNIMA NANDI 0210100100315289 AXIS BANK LTD.
    [Show full text]
  • Mergers in Indian Banking Industry-A Case Study on ICICI Bank and Indian Overseas Bank
    International Journal of Applied Research 2017; 3(1): 01-05 ISSN Print: 2394-7500 ISSN Online: 2394-5869 Impact Factor: 5.2 Mergers in Indian banking industry-A case study on IJAR 2017; 3(1): 01-05 ICICI bank and Indian Overseas bank www.allresearchjournal.com Received: 01-11-2016 Accepted: 02-12-2016 K Abirami K Abirami Assistant Professor, Abstract Department of Commerce, Mergers and acquisitions are the revolution strategies to restructure a business where the competitions Avinashilingam University, are reduced and existing markets are protected. In the recent years Indian Banking industry had also Institute for Home Science and Higher Education for Women, adopted the strategies to increase the market share of the business and to control the competition. The Coimbatore, Tamil Nadu, study is an effort to analyse the financial performance and shareholder value of the select banks. The India share holder value of the select banks are calculated through economic value added (EVA) tool. The performances of the banks are measured with profitability and productivity ratios. Paired t-test is used for testing the statistical significance of the ratios of the select banks. Mergers help banks to strengthen their financial base to expand their operation and reduce their cost of operation. The study covers a public sector bank and a private sector bank which were involved in merger during 2006-07 and 2010- 11 respectively. The results suggest that banks had improved efficiency and increased the shareholders value through strategic mergers. Required data were collected from the Capitaline Plus Database. It was found that the in post merger period there is increase in the economic value added of the banks under the study.
    [Show full text]
  • SBI PO Mains Capsule
    SBI PO Mains Capsule www.BankExamsToday.Com SBI PO Mains Capsule Table of Contents Current Affairs: January ............................................................................................................................................................................. 2 Current Affairs: February ........................................................................................................................................................................... 6 Current Affairs: March ............................................................................................................................................................................. 11 Current Affairs: April ............................................................................................................................................................................... 14 First in Banks: Banking History ................................................................................................................................................................. 23 Latest List of Indian banks - Their Heads and Head Office (April 2017) ................................................................................................... 24 List of Important Mergers of Banks in India............................................................................................................................................. 25 Full Forms of Bank Names ......................................................................................................................................................................
    [Show full text]