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| Exchange Received Time 20/11/2019 15:38:58 Exchange Disseminated Time 20/11/2019 15:39:07 Time Taken 00:00:09 | This is in continuation to our letter no. MD&CEO:SD:675/676/11/12::2019 dated September 13, 2019 informing about in-principle approval of the Board of Directors for the amalgamation of Syndicate Bank into Canara Bank.
In this connection, today i.e. 20.11.2019 Bank has received letter F. No. 7/93/2019-BOA-1 dated 13.11.2019 from Department of Financial Services, Ministry of Finance, Government of India vide which Bank has been advised that Alternative Mechanism (AM), has accorded in-principle approval to proposed amalgamation of Syndicate Bank into Canara Bank with Canara Bank as the Transferee Bank and Syndicate Bank as Transferor Bank.
This is in compliance with Regulation 30 of SEBI LODR Regulations 2015.
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