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The total business country's largest private sector lender ICICI Bank will cross Rs 4 lakh crore for the acquisition of Bank of Rajasthan.

After the merger, ICICI Bank branches to rise to 2470 with the addition of 463 branches of Bank of Rajasthan.

ICICI Bank has a presence in 18 countries and has over 2000 branches.

Bank of Rajasthan's total business was around Rs 23,000 crore at the end of 2008-09. ICICI Bank has reported an extensive business, which includes loans and deposits of Rs 3.83 lakh crore as on March 31, 2010.

Bank of Rajasthan is worth Rs 1500 crore in its share price today.

In comparison, ICICI Bank valued at close to Rs 100,000 crore. Its shares fell 1.45 percent to 889.35 Rs.

The Board of Directors of the banks have given in principle approval of the merger, the final view will be 23 May, after receiving the report of the valuation consultant Haribhakti & Co.

Bank of Rajasthan, which was founded in 1943, going through a difficult period since the promoter Tayal family and group companies were excluded from access to the market as SEBI in March for mis-declaring its interest in the bank after the merger, the Tayal family complete the Bank of Rajasthan .

The officers of the Bank of Rajasthan have decided to combine with the Bank, the country's largest private sector bank, ICICI Bank.

Council regulation on the stock exchange announced it had received a communication Sanjay Kumar Tayal, the director and a leader board meeting convened on May 18 when they entered into an agreement with ICICI Bank proposes unification. ICICI Bank board meets as tonight.

ICICI Bank has learned have shown it is willing to pay more value to the Council's regulatory market today. ICICI Bank scrip closed today 889.35in R Bombay Stock Exchange, down 1.45% and certificates of Regulatory Council has increased significantly RS 19.95% 99.5.

According to banking circles, Tayal, who bought the Regulatory Board ten years ago, is under pressure to sell the old private bank, which is struggling to SEBI and RBI guidelines. sebi March forbidden 100 entities allegedly holding shares on behalf of the Council of promoters regulating all the activities of stock markets.

Just in the past, RBI had slapped a fine of R 25 lakh is a string of bank abuses, such as the withdrawal of bank records information system in real estate transactions and accounts intermittent failure groups.