Centurion Bank of Punjab Limited is one of the leading new generation private sector banks in India. The Bank serves individual consumers, small and medium businesses and large corporations with a full range of financial products and services for investing, lending and advice on financial planning. It has been among the earliest banks to offer a technology-enabled customer interface that provides easy access and superior customer service.
The Bank was formed by the merger of Centurion Bank and Bank of Punjab, both of which had strong retail franchises in their respective markets. Centurion Bank had a well-managed and growing retail assets business, including leadership positions in two-wheeler loans and commercial vehicle loans, and a strong capital base. Bank of Punjab brought with it a strong retail deposit customer base in North India, in addition to a sizable SME and agricultural portfolio.
Centurion Bank of Punjab holds leadership positions in the two-wheeler and commercial vehicle loan segments. It is also a strong player in foreign exchange services, personal loans, mortgages, education loans and agricultural loans, and credit cards. Additionally, the Bank offers a full suite of NRI banking products to overseas Indians. The Bank also offers an array of wealth management products such as mutual funds and life and general insurance. Recently, the Bank has introduced an exclusive top-of-the-line priority banking service called 'Centurion Elite’ for discerning High Networth Individuals (HNIs). It has also ventured into the Trusteeship & Executorship business offering premium services such as Estate Planning Services & Real Estate Management and Advisory services for HNIs.
Centurion Bank of Punjab has a strong nationwide reach through its network of 279 branches and 408 ATMs across 143 locations, supported by over 6,000 employees. The bank aims to serve all the banking and financial needs of its customers through multiple delivery channels, each of which is supported by state-of-the-art technology architecture.
Among Centurion Bank of Punjab's greatest strengths is the fact that it is a professionally managed bank with a globally experienced and capable management team. The day-to-day operations of the bank are looked after by Mr. Shailendra Bhandari, Managing Director & CEO, assisted by a senior management team, under the overall supervision and control of the Board of Directors. Mr. Rana Talwar is the Chairman of the Board. Some of its major shareholders viz. Sabre Capital, Bank Muscat and Keppel Corporation, Singapore are represented on the Board.
The shares of the bank are listed on the major stock exchanges in India and also on the Luxembourg Stock Exchange.
In August 2006, Centurion Bank of Punjab announced its decision to amalgamate Lord Krishna Bank Limited, a leading old private sector bank headquartered at Cochin, with itself. The Scheme of Amalgamation was subsequently approved by the Boards of Directors and shareholders of both banks. Lord Krishna Bank in the last decade has transformed itself from a regional bank to a pan-India bank having a branch network of 112 branches and 44 ATMs. It has emerged as a modern, completely computerized, technology driven entity that is redefining relationship banking with its customers and focusing on retail and SME banking.
The amalgamation would further improve the franchise and customer proposition of Centurion Bank of Punjab across the country, particularly in North India, Karnataka, Kerala, and Maharashtra. Having successfully completed the integration process of Bank of Punjab with the erstwhile Centurion Bank, the Bank is uniquely placed to tap the synergies that exist between Lord Krishna Bank and itself.
Once the banks receive regulatory approval from RBI, the merger will result in the creation of a leading private sector bank in the country with an extensive nationwide network of 403 branches across 180 towns and cities in India. The Bank will have an extensive and in depth coverage in Kerala (92 branches) and Maharashtra (33 branches). In addition, the Bank will have regional dominance (largest private sector bank) in North India with 155 branches in Punjab, Haryana, Chandigarh & Delhi.
The merged entity will have significant strengths in Retail banking, the SME segment, Transaction Banking, Foreign Exchange Services and NRI banking; in addition to providing modern banking services to customers, as a result of a focused approach and investment in people, systems and marketing.
The Bank was formed by the merger of Centurion Bank and Bank of Punjab, both of which had strong retail franchises in their respective markets. Centurion Bank had a well-managed and growing retail assets business, including leadership positions in two-wheeler loans and commercial vehicle loans, and a strong capital base. Bank of Punjab brought with it a strong retail deposit customer base in North India, in addition to a sizable SME and agricultural portfolio.
Centurion Bank of Punjab holds leadership positions in the two-wheeler and commercial vehicle loan segments. It is also a strong player in foreign exchange services, personal loans, mortgages, education loans and agricultural loans, and credit cards. Additionally, the Bank offers a full suite of NRI banking products to overseas Indians. The Bank also offers an array of wealth management products such as mutual funds and life and general insurance. Recently, the Bank has introduced an exclusive top-of-the-line priority banking service called 'Centurion Elite’ for discerning High Networth Individuals (HNIs). It has also ventured into the Trusteeship & Executorship business offering premium services such as Estate Planning Services & Real Estate Management and Advisory services for HNIs.
Centurion Bank of Punjab has a strong nationwide reach through its network of 279 branches and 408 ATMs across 143 locations, supported by over 6,000 employees. The bank aims to serve all the banking and financial needs of its customers through multiple delivery channels, each of which is supported by state-of-the-art technology architecture.
Among Centurion Bank of Punjab's greatest strengths is the fact that it is a professionally managed bank with a globally experienced and capable management team. The day-to-day operations of the bank are looked after by Mr. Shailendra Bhandari, Managing Director & CEO, assisted by a senior management team, under the overall supervision and control of the Board of Directors. Mr. Rana Talwar is the Chairman of the Board. Some of its major shareholders viz. Sabre Capital, Bank Muscat and Keppel Corporation, Singapore are represented on the Board.
The shares of the bank are listed on the major stock exchanges in India and also on the Luxembourg Stock Exchange.
In August 2006, Centurion Bank of Punjab announced its decision to amalgamate Lord Krishna Bank Limited, a leading old private sector bank headquartered at Cochin, with itself. The Scheme of Amalgamation was subsequently approved by the Boards of Directors and shareholders of both banks. Lord Krishna Bank in the last decade has transformed itself from a regional bank to a pan-India bank having a branch network of 112 branches and 44 ATMs. It has emerged as a modern, completely computerized, technology driven entity that is redefining relationship banking with its customers and focusing on retail and SME banking.
The amalgamation would further improve the franchise and customer proposition of Centurion Bank of Punjab across the country, particularly in North India, Karnataka, Kerala, and Maharashtra. Having successfully completed the integration process of Bank of Punjab with the erstwhile Centurion Bank, the Bank is uniquely placed to tap the synergies that exist between Lord Krishna Bank and itself.
Once the banks receive regulatory approval from RBI, the merger will result in the creation of a leading private sector bank in the country with an extensive nationwide network of 403 branches across 180 towns and cities in India. The Bank will have an extensive and in depth coverage in Kerala (92 branches) and Maharashtra (33 branches). In addition, the Bank will have regional dominance (largest private sector bank) in North India with 155 branches in Punjab, Haryana, Chandigarh & Delhi.
The merged entity will have significant strengths in Retail banking, the SME segment, Transaction Banking, Foreign Exchange Services and NRI banking; in addition to providing modern banking services to customers, as a result of a focused approach and investment in people, systems and marketing.
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