Cabinet approves the merger of Vijaya Bank & Dena Bank with Bank of Baroda
The cabinet today approved the merger of Vijaya Bank & Dena Bank with Bank of Baroda. After today's merger, Bank of Baroda will become the third biggest public sector bank. The merger will be effective from April 1.
This is also the first ever three way merger in Indian banking. Addressing the media, Ravi Shankar Prasad said that all employees of Vijay Bank & Dena Bank will be transferred to Bank Of Baroda. No retrenchment will take place in the merger process.
To read full article:
https://m.economictimes.com/markets/stocks/news/swap-ratio-announced-for-bob-vijaya-dena-bank-merger/articleshow/67349528.cms
This is also the first ever three way merger in Indian banking. Addressing the media, Ravi Shankar Prasad said that all employees of Vijay Bank & Dena Bank will be transferred to Bank Of Baroda. No retrenchment will take place in the merger process.
To read full article:
https://m.economictimes.com/markets/stocks/news/swap-ratio-announced-for-bob-vijaya-dena-bank-merger/articleshow/67349528.cms
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