Merger means when two or more company combined with each other and either make a single entity or one company lose its entity and other company continued his business. An acquisition is the purchase of one business or company by another company in purchased consideration. Mergers are well recognized. for example: merge of bank in between the U.K and charity bank and investing and becomes a single entity in the market.
Merge Of Bank In Between the 1961:
Name period
- Prabhat bank with national bank of Lahore ltd 9-03-1961
- Indo- commercial bank with Punjab national bank 25- 03-1961
- Bank of Nagpur with bank of Maharashtra 27-03-1961
- New citizen bank ltd with bank of Baroda 29-04-1961
- Travancore forward bank ltd with state of Travancore 15-05-1961
- Bank of Kerala ltd with canara bank 20-05-1961
- Bank of Poona with Sangli bank ltd 03-06-1961
- Bank of New Delhi with state bank of Travancore 17-06-1961
- Venadu bank ltd with South Indian band ltd 17-06-1961
- Wankaner bank ltd with Dena bank 17-05-1961
- Seasia midland bank ltd with canara bank 17-06-1961
- Kottayam orient bank ltd with state bank of Travancore 17-06-1961
- Bank of Konkan ltd with bank of Maharashtra 19-06-1961
- Poona investor bank ltd with Sangli bank 28-06-1961
- Bharat industrial bank ltd with bank of Maharashtra 01-07-1961
- Rayalaseema bank ltd with Indian bank 01-09-1961
- Cuttack bank ltd with united bank of India 04-09-1961
- Pie money bank ltd with Syndicate bank 04-09-1961
- Moolky bank ltd with Syndicate bank 04-09-1961
- Merchant bank ltd with Tanjore permanent bank ltd 04-09-1961
- Tezpur industrial bank ltd with united bank of India 04-09-1961
- G.raghunathmull bank ltd with canara bank 04-09-1961
- Satara Swadeshi commercial bank ltd with united western bank ltd 06-09-1961
- Catholic bank ltd with syndicate bank 11-09-1961
- Phaltan bank ltd with sangli bank ltd 07-10-1961
- Jodhpur commercial bank ltd with central bank of India 16-10-1961
- Bank of citizen ltd with Canara banking corporation ltd 17-10-1961
- Karur mercantile bank ltd with Laxmi Vilas bank ltd 19-10-1961
- Peoples bank ltd with Syndicate bank 14-11-1961
- Pratap bank ltd with Lakshmi commercial bank ltd. 11-12-1961