Stock Holding Corporation of India Bank Recruitment 2014 to merge with IDBI Bank

Stock Holding Corporation of India vacancy 2014,SHCIL Jobs 2014
Stock Holding Corporation to merge with IDBI Bank
Stock Holding Corporation of India (SHCIL), leading depository participant and largest custodian of securities in the country, will be merged with government-owned IDBI Bank.

SHCIL was incorporated as a public limited company in 1986.

It was jointly promoted by leading banks and financial institutions, including IFCI, IDBI
Bank, the Life Insurance Corporation and the General Insurance Corporation. The boards of SHCIL and IDBI Bank have approved the merger.

SHCIL is having custodial, depository participant, document storage, digitisation and broking business, which would be merged with IDBI BankThe bank is now having 1,000 branches across the country

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