Saturday, October 19 2019

January 5, 2019

Merger of Vijaya Bank, Dena Bank with Bank of Baroda to create globally competitive bank

Vijaya Bank and Dena Bank will be merged with Bank of Baroda.This is approved by the cabinet. Employees of pay and allowances and services will remain same as earlier. Merger of these banks will help to create a strong globally competitive bank with economies of scale and enable the realization of wide-ranging synergies, leveraging of networks and low cost deposits and substantial rise in customer base and operational efficiency.