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Important Acquisitions in the Indian for SBI/IBPS PO & CLERK – Banking Industry

Important Acquisitions in the Indian for SBI/IBPS PO & CLERK – Banking Industry

An acquisition is a corporate decision in which a company buys most, if not all, of another company’s ownership stakes to take control of it. An acquisition occurs when a company buys more than 50% ownership in a target company. It can be done to expand a company’s reach, expand into new segments, or gain market share.
Here, we are discussing some of the important acquisitions in banking sector which are important from the bank exams point of view.
So, let us discuss them in detail:
  Bank which                         acquired                           Bank which got acquired
Year of Acquisition
State Bank of India5 SBI‘s Associate Banks & Bharatiya Mahila Bank 2017
State Bank of IndiaState Bank of Indore2009
State Bank of IndiaState Bank of Saurashtra
2008
State bank of IndiaBank of Cochin1985
State Bank of IndiaKashinath State Bank
1995
Canara BankLakshmi Commercial Bank1985
Indian Overseas BankBharat Overseas Bank
2007


General Awareness for Bank PO & Clerk – Static Awareness of UTTAR PRADESH (UP)
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