Few banks which are under the process of amalgamation have been temporarily suspended from trading. These banks are Oriental Bank of commerce, United Bank, Syndicate Bank, Andhra Bank, Corporation Bank, and Allahabad Bank.
If you hold any of these stocks, they won’t be visible in the trading platform but can be viewed in Keystone
According to the amalgamation plan:
- Punjab National Bank will take over Oriental Bank of Commerce and United Bank
- Canara Bank will take over Syndicate Bank
- Union Bank will take over Andhra Bank and Corporation Bank
- Indian Bank will be merged with Allahabad Bank