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Bank of Baroda Merger: Lender Considers Rationalization of up to 900 Branches
May 21, 2019
Following the merger with Vijaya Bank and Dena Bank, public sector Bank of Baroda (BoB) looks to rationalizing up to 900 branches around the country to increase operational efficiency. A senior official said that having two branches of Vijaya Bank and Dena bank at the same location doesn’t make sense since both banks are now merged with Bank of Baroda.
The official said that apart from closing duplicate branches, the lender also needs to close zonal and regional offices of the merged entities.
Photo credit: Gene Hunt on Visualhunt / CC BY
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