Vijaya-Dena bank merger with Bank of Baroda comes into effect
Business / Vijaya-Dena bank merger with Bank of Baroda comes into effect
Business - Vijaya-Dena bank merger with Bank of Baroda comes into effect
All branches of Vijaya Bank and Dena Bank will function as branches of Bank of Baroda (BoB) as the amalgamation of former two banks comes into effect from Monday (April 1). The merger of Vijaya Bank and Dena Bank with BoB was approved by the cabinet in January. The merger, Bank of Baroda would be the third largest bank in the country. The merged entity would also receive Rs 5,042 crore fund infusion from government.