Business Standard

Merger will create fourth largest public sector bank: Syndicate Bank MD

There were discussions in general since a few months, said Syndicate Bank MD Mrutyunjay Mohapatra

Mrutyunjay Mahapatra
Premium

Mrutyunjay Mahapatra, MD & CEO, Syndicate Bank

Somesh Jha
Syndicate Bank Managing Director and Chief Executive Officer Mrutyunjay Mohapatra tells Somesh Jha the merger will create the fourth largest public sector bank (PSB) with a business size of Rs 15 trillion. Edited excerpts:

How do you see the merger?

It’s a good move as it will create large banks of global scale which is sought after in any country. Our culture is similar to Canara Bank’s and it will make us the fourth largest public sector bank with a business size of Rs 15 trillion.

When were you informed about the merger?

There were discussions in general since a few months but it

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 31 2019 | 12:24 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com