May 23, 2008- RBI Sanctions Amalgamation of Centurion Bank of Punjab with HDFC

Q.  The RBI sanctioned the amalgamation of the Centurion Bank of Punjab with the HDFC Bank on ______.
- Published on 20 Jul 15

a. May 23, 2008
b. August 13, 2008
c. June 30, 2009
d. March 31, 2009

ANSWER: May 23, 2008
 
The merger became effective on May 23, 2008. CBoP had arround 400 branches operating out of about 180 locations supported by an employee base of over 7,500 employees

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