The Board of Directors of the Bank inter alia, has in principle agreed to consider merger of Lord Krishna Bank Ltd (LKB) with the Bank subject to satisfactory details, financial and legal due diligence, obtaining all statutory, regulatory and other approvals and arriving at an acceptable valuation. Further the Bank has informed that the Board has constituted a committee to take necessary steps for conducting financial and legal due diligence, obtaining and arriving at a valuation, evaluating the proposals for payment of consideration for merger of LKB and placing before the Board, for the Board's consideration, its recommendations in relation to the merger of LKB with the Bank.