Centurion Bank Ltd

Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating[2/5]Total Votes [ 7 ]  
Rate this page:
Centurion bank
Centurion Bank, also known as Centurion Bank of Punjab, was one of the leading private sector banks in India providing retail and corporate banking products and services. It has got an extensive network of branches spread across the country. Currently more than 5,000 employees work for Centurion Bank in its 403 branches. The shares of Centurion Bank were listed on the major stock exchanges in India. These were also listed on the Luxembourg Stock Exchange.

On June 29, 2005, Centurion Bank merged with Bank of Punjab (at swap ratio to 4:9) to form Centurion Bank of Punjab. Finally on May 23, 2008, the one of India's most renowned banks - HDFC Bank acquired Centurion Bank of Punjab.

Brief History

Centurion Bank, a joint venture between 20th Century Finance Corporation and Keppel Group of Singapore through Kephinance Investment, was established on June 30, 1994. Initially it started with a network of ten branches. In the following year, Centurion Bank amalgamated 20th Century Finance Corporation. Then came June 29, 2005 when the Centurion Bank and the Bank of Punjab merged together to form Centurion Bank of Punjab.

In 2006, Centurion Bank of Punjab took over Lord Krishna Bank, established at Kodungallur in Kerala. During 1960, this bank also acquired three commercial banks, viz. Kerala Union Bank, Josna Bank and Thiyya Bank. Finally in 2008, HDFC Bank took over Centurion Bank of Punjab.

Products and Services

Centurion Bank Ltd offers a wide array of products and services to its customers across the nation. Following are the products and services offered by Centurion Bank Ltd.