Important Acquisitions in the Indian for SBI/IBPS PO & CLERK – Banking Industry
An acquisition is a corporate decision in which a company buys most, if not all, of another company’s ownership stakes to take control of it. An acquisition occurs when a company buys more than 50% ownership in a target company. It can be done to expand a company’s reach, expand into new segments, or gain market share.
Here, we are discussing some of the important acquisitions in the banking sector which are important from the bank exams point of view.
So, let us discuss them in detail:
| Bank which acquired | Bank which got acquired |
Year of Acquisition |
| State Bank of India | 5 SBI‘s Associate Banks & Bharatiya Mahila Bank | 2017 |
| State Bank of India | State Bank of Indore | 2009 |
| State Bank of India | State Bank of Saurashtra |
2008 |
| State bank of India | Bank of Cochin | 1985 |
| State Bank of India | Kashinath State Bank |
1995 |
| Canara Bank | Lakshmi Commercial Bank | 1985 |
| Indian Overseas Bank | Bharat Overseas Bank |
2007 |
| Oriental Bank of Commerce | Global Trust Bank | 2004 |
| Punjab National Bank | Nedungadi Bank |
2003 |
| IDBI Bank | United Western Bank Ltd | 2006 |
| IDBI Bank Limited | IDBI Limited |
2005 |
| Bank of Baroda | Benares State Bank |
2002 |
| Union Bank of India | Sikkim Bank | 1999 |
| Bank of India | Bank of Karad |
1994 |
| Kotak Mahindra Bank | ING Vysya Bank | 2016 |
| Federal Bank | Ganesh Bank of Kurundwad |
2006 |
| ICICI Bank Limited | ICICI Limited | 2002 |
| HDFC Bank | Times Bank |
2000 |
| ICICI Bank | Bank of Rajasthan |
2010 |
| HDFC Bank | Centurion Bank of Punjab | 2008 |
| ICICI Bank | Bank of Madura |
2001 |
| Centurion Bank | Bank of Punjab |
2005 |
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