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 India | 5 SBI‘s Associate Banks & Bharatiya Mahila Bank | 2017 |
State Bank of India | State Bank of Indore | 2009 |
State Bank of India | State Bank of Saurashtra |
2008
|
State bank of India | Bank of Cochin | 1985 |
State Bank of India | Kashinath State Bank |
1995
|
Canara Bank | Lakshmi Commercial Bank | 1985 |
Indian Overseas Bank | Bharat Overseas Bank |
2007
|
Lean complete Acquisitions in the Indian
General Awareness for Bank PO & Clerk – Static Awareness of UTTAR PRADESH (UP)
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