RBI Sanctioned BoR & ICICI Merger

Mar 14, 2011, 06:12 IST

The Reserve Bank of India on 12 August 2010 sanctioned the merger of Bank of Rajasthan with ICICI Bank. Following the sanction all branches of the old generation private sector bank would come to function as branches of ICICI Bank with effect from 13 August 2010.

The Reserve Bank of India on 12 August 2010 sanctioned the merger of Bank of Rajasthan with ICICI Bank. Following the sanction all branches of the old generation private sector bank would come to function as branches of ICICI Bank with effect from 13 August 2010. 468 BoR branches were added to ICICI whoose network expanded to 2484 post amalgamation.

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