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Cabinet Clears Merger Of Vijaya Bank, Dena Bank, Bank Of Baroda

Cabinet Clears Vijaya Bank, Dena Bank, Bank Of Baroda Merger: 10 Points

The merger will come into force on April 1, 2019

The Cabinet Committee of Economic Affairs on Wednesday approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three -way merger in India’s banking sector, to create the country’s second largest public sector lender and third largest overall.

Updated: January 2, 2019 — 12:39 pm

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