Centurion Bank of Punjab
Encyclopedia
The Centurion Bank of Punjab (formerly Centurion Bank) was an India
n private sector
bank
that provided retail and corporate banking services. It operated on a strong nationwide franchise of 403 branches and had over 5,000 employees. The Bank's shares were listed on the major Indian stock exchangesand on the Luxembourg Stock Exchange.
On 23 May 2008 HDFC Bank
acquired Centurion Bank of Punjab.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n private sector
Private sector
In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state...
bank
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
that provided retail and corporate banking services. It operated on a strong nationwide franchise of 403 branches and had over 5,000 employees. The Bank's shares were listed on the major Indian stock exchangesand on the Luxembourg Stock Exchange.
On 23 May 2008 HDFC Bank
HDFC Bank
HDFC Bank Limited is a major Indian financial services company based in India, incorporated in August 1994, after the Reserve Bank of India allowed establishing private sector banks. The Bank was promoted by the Housing Development Finance Corporation, a premier housing finance company of India...
acquired Centurion Bank of Punjab.
History
- 1994 Centurion Bank was incorporated on 30 June 1994 and received its certificate of Commencement of Business on 20 July. It was a joint venture between 20th Century Finance Corporation and its associates and Keppel Group of Singapore through Kephinance Investment (Mauritius). Centurion had a network of ten branches, which grew to 29 branches the next year.
- 1995 Centurion Bank amalgamated 20th Century Finance Corporation.
- 2005 On 29 June 2005, the Boards of Directors of Centurion Bank and Bank of PunjabBank of PunjabThe Bank of Punjab is a bank based in Lahore, Punjab, Pakistan. It serves Pakistan and functions as an international bank.-History:The bank was established in 1989, pursuant to The Bank of Punjab Act 1989, and was given the status of a retail bank in 1994....
agreed to a merger of the two banks. The combined bank took as its name Centurion Bank of Punjab. Bank of Punjab had been founded in 1995. - 2006 Centurion Bank of Punjab acquired Kochi-based Lord Krishna Bank. Lord Krishna Bank had been established at KodungallurKodungallurKodungallur is a municipality in Thrissur District, in the state of Kerala, India on the Malabar Coast. Kodungallur is located about 29 km northwest of Kochi city and 38 km Southwest of Thrissur, on National Highway 17 . Muziris the ancient seaport at the mouth of the Periyar River was...
in Thrissur District, KeralaKeralaor Keralam is an Indian state located on the Malabar coast of south-west India. It was created on 1 November 1956 by the States Reorganisation Act by combining various Malayalam speaking regions....
in 1940. During the 1960s, Lord Krishna acquired three commercial banks: Thiyya Bank, Josna Bank and Kerala Union Bank. - 2008 HDFC BankHDFC BankHDFC Bank Limited is a major Indian financial services company based in India, incorporated in August 1994, after the Reserve Bank of India allowed establishing private sector banks. The Bank was promoted by the Housing Development Finance Corporation, a premier housing finance company of India...
acquired Centurion Bank of Punjab.