Centurion Bank of Punjab
In today's world, Centurion Bank of Punjab has become a topic of widespread interest and debate. Since its emergence, Centurion Bank of Punjab has captured the attention of experts and fans alike, generating diverse opinions and positions. Its impact has been felt in multiple aspects of society, from the political to the cultural sphere, and its relevance continues to constantly evolve. In this article, we will explore the different aspects of Centurion Bank of Punjab, its history, its influence and its projection in the future, with the aim of thoroughly understanding this phenomenon and its impact today.
| Company type | Public BSE:532273 NSE:CENTBOP, Luxembourg Stock Exchange |
|---|---|
| Industry | Banking Insurance Capital Markets and allied industries |
| Founded | Panaji, 1994 (as Centurion bank) |
| Headquarters | Corporate Centre, 1201,Raheja Centre, Free Press Journal Marg,
Nariman Point, |
Key people | Chairman: Mr. Rana Talwar, |
| Products | Loans, Credit Cards, Savings, Investment vehicles, Life and General Insurance (Insurance) etc. |
| Website | www.centurionbop.co.in |
The Centurion Bank of Punjab (formerly Centurion Bank and Bank of Punjab) was an Indian 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 listed its shares on the major Indian stock exchanges and on the Luxembourg Stock Exchange. On 23 May 2008, HDFC Bank acquired Centurion Bank of Punjab.
History
Centurion Bank was incorporated on 30 June 1994 and received its certificate of Commencement of Business on 20 July. Centurion Bank 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. Also in 1995 Centurion Bank amalgamated 20th Century Finance Corporation.
On 29 June 2005, the boards of directors of Centurion Bank and Bank of Punjab agreed to a merger of the two banks. The combined bank took as its name Centurion Bank of Punjab. Bank of Punjab also had been founded in 1994. In 2007, Centurion Bank of Punjab acquired Thrissur-based Lord Krishna Bank, and soon it was acquired by HDFC Bank, which was also incidentally begun in 1994.
