Union Bank becomes 5th largest PSB post merger with Andhra Bank, Corporation Bank

The amalgamation will also strengthen the bank's footprint in southern India with considerable market share in this region, the Mumbai-headquartered lender said. It is also expected to generate cost and revenue synergies to the tune of Rs 2,500 crore over the next three years.

from Banking/Finance-Industry-Economic Times https://ift.tt/3dLermy