Centurion Bank of Punjab to extend date for completion of merger of Lord Krishna Bank

Centurion Bank of Punjab Ltd has announced that the Board of Directors of the Bank at its meeting held on July 23, 2007, has approved the following:

1. Extension of the date for completion of the Scheme of Amalgamation of Lord Krishna Bank Ltd with the Bank from July 31, 2007 to October 31, 2007.

2. Resolution enabling the Bank to undertake the business of pension funds management. The Bank will do this through the creation of a subsidiary for this purpose. This is subject to regulatory approvals including that of the Reserve Bank of India and others as applicable.

Source : Equity Bulls

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