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Rural banks merger
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More features on Banking

Rural banks merger

Four banks merge to form Dean Grameena Bank

Hyderabad, March 26, 2006

The four regional rural banks sponsored by State Bank of Hyderabad (SBH) viz., Sri Saraswathi, Sri Sathavana, Sri Rama and Golconda operating in Adilabad, Karimnagar, Nizamabad and Ranga Reddy districts have been amalgamated into Dean Grameena Bank. Its head office is located at Dilsuknagar according to a Government of India notification. After amalgamation, the bank would have 166 branches with an aggregate business of Rs.1,600 crores.

Banks in India have been witnessing positive growth for the past few years. Stocks of most banks, both in the public and private sector have spurred up growth. With the possible amalgamation of the associated banks of the State Bank of India to its parent bank and the day for the liberalized entry of foreign banks to setup their bank branches in the country nearing, increasing competition amongst the banks would be witnessed in the next few days.

This is an archive news page about an event that happened in the past. The News / Information might have changed in subsequent days as news gets developed. This page exists for referance purpose only.

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Andhra Pradesh on March 26, 2006

CM reviews of NREGP in the state
Asks centre for release of funds

Women wed each other
Same-sex marriage is new and rare in India

Rural banks merger
Four banks merge to form Dean Grameena Bank

Mahila Abhyudaya Award for Shanta Sinha
Shanta Sinha gives donation to MV Foundation

GO 610-17 Policemen transferred
Govt. goes ahead with GO 610 implementation

State Government announces DA
3.7% dearness allowance to be released

Lecturer held for impersonation charges
Fake lecturer caught spot valuating examination papers

March 26 in History

Events and happenings on 26 March in History

26 March 2001
Highlights: Telugu New Years Day - Ugaadi Celebrated.

26 March 2002
Highlights: High court asks CARE Hospital to submit affidavit in Prathyusha case

26 March 2003

26 March 2004
Highlights: Congress men storm Gandhi Bhavan

26 March 2005

26 March 2006
Highlights: CM reviews of NREGP in the state

26 March 2007
Highlights: Sri Ramanavami Celebrations at Bhadrachalam