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The shareholders of Bank of Rajasthan have approved the bank’s merger with ICICI Bank. The bank’s shareholders have passed a resolution with requisite majority under section 44A of the Reserve Bank of India (RBI) Act and will file the EGM resolution with the Bombay Stock Exchange, the National Stock Exchange and the bank. This comes [...]
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BoR, one of the oldest private sector banks in the country, plunged into a crisis early this year after Reserve Bank slapped Rs25-lakh fine on the bank for alleged violation of various norms Trouble-torn Bank of Rajasthan on Tuesday announced that it would merge with India’s largest private sector lender ICICI Bank. An agreement for amalgamation [...]
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