Centurion Bank was incorporated on June 30, 1994 and received its certificate of Commencement of Business on July 20, 1994. It was a joint venture between 20th Century Finance Corporation and its associates and Keppel Group of Singapore through Kephinance Investment (Mauritius).
Business of the company:
The Centurion Bank of Punjab (formerly Centurion Bank) was an Indian private sector bank that provided retail and corporate banking services. It operated on a strong nationwide franchise of 403 branches and had over 5,000 employees. On May 23, 2008 HDFC Bank acquired Centurion Bank of Punjab.
History of the company:
1994- Centurion Bank was incorporated on 30 June 1994 and received its certificate of Commencement of Business on 20 July.
2005- On June 29, 2005, the boards of directors of Centurion Bank and Bank of Punjab agreed to a merger of the two banks. The combined bank took as its name Centurion Bank of Punjab.
2006 -Centurion Bank of Punjab acquired Kochi-based Lord Krishna Bank. Lord Krishna Bank had been established at Kodungallur in Thrissur District, Kerala in 1940. During the 1960s, Lord Krishna acquired three commercial banks: Thiyya Bank, Josna Bank and Kerala Union Bank.
2008 -HDFC Bank acquired Centurion Bank of Punjab.