Lord Krishna Bank was a south India focussed private sector bank with 124 branches and 44 ATMs at the time of Sabre investments. Sabre saw it as a synergistic fit with Centurion Bank of Punjab as its under-utilized distribution network could give Centurion a strong presence in south India and the potential to build some new business lines such as loans against gold and remittances from NRIs. Sabre was able to unlock value by a full merger of the bank with Centurion Bank of Punjab and it exited the combined business christened ‘Centurion Bank of Punjab’ through a strategic sale to HDFC Bank in 2008.