What are the reasons of the merger of Syndicate Bank and Canara Bank?
The Government of India approved the amalgamation of Syndicate Bank into Canara Bank to make it a globally competitive lender. With the amalgamation, the new bank will become the fourth largest bank after State Bank of India, PNB+OBC+United Bank of India & Bank of Baroda (as at Dec 2019). Any amalgamation of one or more banks provides a broader geographic footprint […]