The Bank of Rajasthan Ltd is a private sector bank of India which merged with ICICI Bank in 2010.

RBI was critical of BOR's promoters not reducing their holdings in the company.

BOR has been merged with ICICI Bank.

ICICI paid Rs.30 billion for it.

Each 118 shares of BOR will be converted into 25 shares of ICICI Bank

The Board of Directors of ICICI Bank Limited has at its Meeting held in Mumbai for its approval for the amalgamation of The Bank of Rajasthan Limited (Bank of Rajasthan) with ICICI Bank.

The Board has approved a share exchange ratio of 25 shares of ICICI Bank for 118 shares of Bank of Rajasthan



ICICI Merger with Bank of Rajasthan