FN, my colleague who is a banking analyst informs that the promoters of CBP got a good valuation and hence sold their 100% stake to HDFC Bank. However, since u were banking with them earlier on, now u may do so with HDFC Bank by virtue of this merger.
Chris Fernandes Mandrem Message: 8 Date: Thu, 26 Jun 2008 01:10:57 +0530 From: " Frederick [FN] Noronha <[EMAIL PROTECTED]> The other day, while going to an outlet selling electrical hardware, in Panjim, I was surprised to note that the Centurion Bank of Punjab had merged with the HDFC. Or rather, is in the process of merging. Somehow I had missed the news [1] earlier. But I do recall that Centurion had been launched with much fanfare a few years ago, and had later merged with the Bank of Punjab. Would any of the financial pundits on Goanet tell us what went wrong? Just curious... I used to bank there earlier, and at one stage, Centurion did have fairly advanced electronic banking facilities (compared to the other banks in Goa then). FN The information in this message is confidential and may be legally privileged. It is intended solely for the addressee. Access to this message by anyone else is unauthorized. If you are not the intended recipient, any disclosure, copying, or distribution of the message, or any action or omission taken by you in reliance on it, is prohibited and may be unlawful. Please immediately contact the sender if you have received this message in error. Thank you. Motilal Oswal Financial Services Ltd ========================================================================================= The information in this message is confidential and may be legally privileged. It is intended solely for the addressee. Access to this message by anyone else is unauthorized. If you are not the intended recipient, any disclosure, copying, or distribution of the message, or any action or omission taken by you in reliance on it, is prohibited and may be unlawful. Please immediately contact the sender if you have received this message in error. Thank you. Motilal Oswal Financial Services Ltd. =========================================================================================