Canara Bank gets revision in credit ratings from ICRA

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As per ICRA Rating Rationale, the boards of both Canara and Syndicate have accorded in-principle approval to the merger, though it is still in a nascent stage. Given the initial stage of the proposed merger, ICRA has placed the ratings under Watch with Developing Implications.
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First Published: Sep 20 2019 | 7:15 PM IST