Monday 25th of March 2019 07:36:54 PM  Agra

Vijaya Bank, Dena Bank will merge 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.

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