Centre plans Canara, Dena banks' merger

Dena Bank Chairman D L Rawal met financial services additional secretary G C Chaturvedi on Friday to discuss consolidation among other issues, sources said.

According to Canara Bank Chairman A C Mahajan, “we are looking at geographical synergy so that where we are not present we should have an inorganic growth.”

The bank is deficient in the western region basically in states of Maharashtra and Gujarat, he had said. “We would start due diligence process soon,” he had said.

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