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| Bank of Baroda now India’s 3rd largest lender after merger with Dena, Vijaya | Writer | Admin | |||
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Public sector lender Bank of Baroda has now become India’s third-largest lender after its merger with Dena Bank and Vijaya Bank, which comes into effect on April 1. The merger proposed merger was announced in September last year, has positioned Bank of Baroda in the third largest category after State Bank of India and private lender HDFC Bank. This is so far the second largest amalgamation in Indian banking history after the State Bank of India merged with five of its associates and Bharatiya Mahila Bank in April 2017. “We are extremely pleased that Bank of Baroda, Vijaya Bank and Dena Bank are coming together creating the second largest bank in terms of network and customer base,” said PS Jayakumar, Chief, Bank of Baroda. |
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