Centurion Bank of Punjab
enturion Bank of Punjab was a private sector bank in India that was acquired by HDFC Bank in 2008. Here is an overview of its history, profile, and financials:
History:
Centurion Bank of Punjab was formed in 2005 through the merger of Centurion Bank and Bank of Punjab. The bank had a network of over 400 branches and more than 600 ATMs across India. In 2008, HDFC Bank acquired Centurion Bank of Punjab, making it one of the largest private sector banks in India at the time.
Profile:
Centurion Bank of Punjab offered a range of banking and financial services to customers in India, including savings accounts, current accounts, fixed deposits, loans, credit cards, debit cards, and online banking services.
Financials:
In the financial year 2007-08, the last full year of operations before the merger with HDFC Bank, Centurion Bank of Punjab reported a total income of INR 4,674 crore (approx. USD 627 million) and a net profit of INR 319 crore (approx. USD 43 million). Its total assets as of March 31, 2008, stood at INR 36,671 crore (approx. USD 4.9 billion).
Following its merger with HDFC Bank, the operations of Centurion Bank of Punjab were integrated with those of HDFC Bank. The acquisition helped HDFC Bank expand its operations and customer base in India.
Investments, Insurance, Loan facility, personal banking services etc. are available with HDFC bank.
Registered Office:
HDFC Bank House
Senapati Bapat Marg
Lower Parel
Mumbai-400 013.
Web : http://www.hdfcbank.com/
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