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Centurion Bank of Punjab declines by 10 percent

  • Author: Subramanian
  • Filed under: Bank
  • Date: Feb 25,2008
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Centurion Bank of Punjab today declined by 14.45% to Rs 48.25 , it opened at 50 ad touched a high of 53 , This is in reaction to the news that HDFC Bank set the merger ratio of Centurion Bank of Punjab with itself at 1:29.

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HDFC Bank To Buy Centurion Bank of Punjab

  • Author: Subramanian
  • Filed under: Bank
  • Date: Feb 24,2008
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HDFC Bank which is third biggest by market value in India as now agreed that the talks that is going between them and Centurion bank of punjab for merger is true.They are meeting on Feb 25th to set the share-swap ratio, the Mumbai-based lenders said today in a joint statement.After SEBI’s Approval and approval from RBI and also after Share holders approval the deal will go through , This will hugely benefit HDFC Bank which will gain them millions of customer base from CBOP. Hdfc Bank and Centurion Bank of Punjab Merger
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HDFC Bank declares Dec 2007 QTR Results

  • Author: Subramanian
  • Filed under: Bank, Results
  • Date: Jan 23,2008
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HDFC Bank net profit rose 45.23% to Rs 429.36 crore in Dec QTR 2007 compared to Rs 295.64 crore in QOQ during Dec 2006. Total operating income rose 55.00% to Rs 2726.90 crore in Dec QTR 2007 compared to Rs 1759.31 crore in QOQ during Dec 2006.

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