Multiple choice

Board of HDFC Bank, the third biggest Bank in the country by share market value, and Centurion Bank of Punjab met on ____ and agreed to pursue the merger.

  1. 20th February, 2008

  2. 23rd February, 2008

  3. 24th February, 2008

  4. 25th February, 2008

  5. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

HDFC Bank and Centurion Bank of Punjab announced their merger on February 23, 2008. The boards of both banks met on this date and agreed to pursue the merger, which was a significant consolidation in the Indian banking sector, making it one of the largest bank mergers of that time.