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Rediff.com  » Business » Corp Bank, Chiku Bank merger off

Corp Bank, Chiku Bank merger off

Source: PTI
March 14, 2005 12:37 IST
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Corporation Bank has stopped proceedings for the merger of Chikmagalur Kodagu Grameena Bank with itself.

The Board of Directors of Corporation Bank have reconsidered the said proposal and have revoked their earlier decision of merging the regional rural bank, which it sponsors, with itself, the National Stock Exchange was informed on Monday.

Accordingly, the bank shall not be proceed further in this matter, it said.

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