Question

Which bank was merged with Bank of Cochin and Bank of Bihar?

Answer 1

Answer:

State bank of India.

Explanation:

State bank of India was merged with Bank of Cochin and Bank of Bihar.

• Bank of Bihar limited was the first bank to be merged in modern India and it was acquired by State Bank of India in 1969.
• Bank of Cochin limited was the third bank acquired by State Bank of India in 1985.

Answer 2

State bank of India was merged with Bank of Cochin and Bank of Bihar

Explanation:

• Bank of Cochin and Bank of Bihar were merged into State Bank of India.
• Bank of Bihar Limited was the first bank to be merged in modern India and it was acquired  by State Bank of India in 1969.
• Bank of Cochin Limited was the third bank acquired by State Bank of India in 1985.
• Mergers seek to improve income from services, but the increase is offset by higher staff costs; return on equity improves because of a decrease in capital.
• Acquisitions aim to restructure the loan portfolio of the acquired bank; improved lending policies result in higher profits.

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