Boards of Allahabad, Andhra Bank schedule meeting for merger proposals

Boards of Allahabad, Andhra Bank schedule meeting for merger proposals

New Delhi: Allahabad Bank on Wednesday said its board of directors will meet next week to consider its amalgamation with Indian Bank. Also, Andhra Bank said its board will meet on September 13 to consider and approve amalgamation of it along with Corporation Bank into Union Bank of India. "A meeting of the board of directors of the bank is scheduled to be held on Monday, 16th September, 2019, to consider amalgamation of Allahabad Bank with Indian Bank", the Kolkata-headquartered bank said in a regulatory filing.

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