The Hindu Business Line : Centurion Bank-LKB merger by March

The merger of Centurion Bank of Punjab (CBP) with the Kerala-based Lord Krishna Bank (LKB) would be completed by March next, according to Mr Shailendra Bhandari, Managing Director and CEO of the CBP. "The CBP believes in organic growth", he told media persons here. The bank had a credit-deposit ratio of 80 per cent in Kerala and core banking would be implemented by March next. The bank at present has 99 branches including extension counters. It has 26 ATMs, he said. According to Mr Bhandari, CBP is at the fourth position among the new generation private sector banks. He said the interests of the employees of LBK, who are now part of the CBP, would be protected.- Our Bureau

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