![]() ![]() ![]() BOR merged with ICICI Bank for INR 30 billion. The promoters of BOR were criticized by the Reserve Bank of India (RBI) for not lowering their interest in the company. ![]() The origins of the merger can be traced back to the SEBI and RBI's regulatory action in the Bank of Rajasthan.īank of Rajasthan merged with ICICI Bank in 2010. After Sangli Bank, this was ICICI Bank's fourth acquisition. Under Section 44A of the Banking Regulation Act, 1949, the ICICI Bank-Bank of Rajasthan merger was the seventh voluntary merger in the Indian banking sector. ![]()
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