Saturday, September 21 2019

April 1, 2019

Vijaya Bank, Dena Bank merger with BoB will create third largest bank in India

New Delhi-Dena Bank and Vijaya Bank will merge with Bank of Baroda. This merger will create the third-largest bank in the country after SBI and HDFC Bank. The new unified entity will work for the success of the amalgamation by effective execution of all the activities to build a stronger organisation and collectively deliver more to the stake holders than that of sum of individual entities said Bank of Baroda chief Mr Jayakumar in a release.Govt has decided to infuse 5,042 crore rupees in Bank of Baroda to enhance its capital base to meet additional expense.