Mr. A.C. Mahajan, Chairman and Managing Director, Canara Bank has indicated that the bank would opt for acquisition to strengthen its presence in Gujarat, Haryana and Manarashtra for inorganic growth in these states. Canara Bank's internal team will start due diligence of some potential targets and appoint consultants from outside to take the process forward.
He has also said that in the meeting conducted by the finance ministry officials to discuss the consolidation roadmap for public sector banks, the five leading PSU banks were asked to give their views on consolidation.
Source: http://www.business-standard.com/india/news/canara-bank-starts-hunt-for-acquisition/377012/
CANARA BANK STARTS HUNT FOR ACQUISITION
Labels: BANKING N FINANCE
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment