Bank of Baroda, Vijaya Bank approve merger proposal to create second largest PSU lender
NEW DELHI: The boards of state-run Bank of Baroda (BoB) and Vijaya Bank on Saturday gave in-principle approvals for their amalgamation with another lender Dena Bank, a move that would create the second-largest entity in the PSU banking space. Earlier this month, the government announced the merger of Bank of Baroda, Vijaya Bank and Dena […]
Vijaya Bank, Bank of Baroda, and Dena Bank to merge
NEW DELHI: The government of India will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India’s third largest lender, a top government official said on Monday. Boards of the three banks will examine amalgamation proposal, the department of financial services secretary, Rajeev Kumar, told a news conference here. He said the […]