Money & Banking

Tamil Nadu banks to amalgamate

Our Bureau Mumbai | Updated on March 29, 2019 Published on March 29, 2019

Indian Bank, on Friday, said the Department of Financial Services, Ministry of Finance, has issued a notification for amalgamation of Pallavan Grama Bank (sponsored by Indian Bank) and Pandyan Grama Bank (sponsored by Indian Overseas Bank) in Tamil Nadu into a single Regional Rural Bank.

The new bank will be called Tamil Nadu Grama Bank, with its head office at Salem, under the sponsorship of Indian Bank.

Published on March 29, 2019
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