{"id":1584,"date":"2019-12-05T09:53:44","date_gmt":"2019-12-05T09:53:44","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/12\/05\/post-merger-of-syndicate-bank-canara-bank-turnover-will-be-rs-15-lakh-crore-chairman\/"},"modified":"2019-12-05T09:53:44","modified_gmt":"2019-12-05T09:53:44","slug":"post-merger-of-syndicate-bank-canara-bank-turnover-will-be-rs-15-lakh-crore-chairman","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/12\/05\/post-merger-of-syndicate-bank-canara-bank-turnover-will-be-rs-15-lakh-crore-chairman\/","title":{"rendered":"Post merger of Syndicate Bank, Canara Bank turnover will be Rs 15 lakh crore: Chairman"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-1784681\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/12\/1-147.jpg\" alt=\"Post merger, the Canara Bank will have a total of Rs.15 lakh crore turnover, he told reporters here.\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/12\/1-147.jpg 660w, https:\/\/images.financialexpress.com\/2019\/12\/1-147-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/12\/1-147-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/12\/1-147-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"size-full wp-image-1784681\" src=\"https:\/\/images.financialexpress.com\/2019\/12\/1-147.jpg\" alt=\"Post merger, the Canara Bank will have a total of Rs.15 lakh crore turnover, he told reporters here.\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/12\/1-147.jpg 660w, https:\/\/images.financialexpress.com\/2019\/12\/1-147-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/12\/1-147-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/12\/1-147-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">Post merger, the Canara Bank will have a total of Rs.15 lakh crore turnover, he told reporters here.<\/span><\/figure>\n<\/div>\n<p>The <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/canara-bank-stock-price\/\" rel=\"noopener noreferrer\">Canara Bank<\/a> and the <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/syndicate-bank-stock-price\/\" rel=\"noopener noreferrer\">Syndicate Bank<\/a>, set to be merged as part of the Centre\u2019s mega consolidation plan for banks, would become one entity from April next year and their combined turnover will be Rs 15 lakh crore, a top official said on Wednesday. Canara Bank Chairman T N Manoharan said his bank was having a business of Rs.10 lakh crore and the Syndicate Bank Rs.five lakh crore.<\/p>\n<p>Post merger, the Canara Bank will have a total of Rs.15 lakh crore turnover, he told reporters here.<\/p>\n<p>On the impact of economic slow down, he said credit growth was slow and steady. Though there was decline in the corporate lending, banks were shifting focus to retail lending and also other sectors like automobile, housing and personal loans, Manoharan, who was here to deliver a lecture, said.<\/p>\n<p>The government has announced merger of ten public sector banks into four as part of plans to create fewer and stronger global-sized lenders as it looks to boost economic growth.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Post merger, the Canara Bank will have a total of Rs.15 lakh crore turnover, he told reporters here. The Canara Bank and the Syndicate Bank, set to be merged as part of the Centre\u2019s mega consolidation plan for banks, would become one entity from April next year and their combined turnover will be Rs [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1584"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1585"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}