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Vijaya, Dena Bank to Merge with BoB Today to Create India’s Second-Largest PSB
April 02, 2019
State-run Vijaya Bank and Dena Bank will be officially merged with Bank of Baroda (BoB) today to create the country’s second largest public sector bank. The new entity will have more than 85,000 employees, 13,400 ATMs, and 9,500 branches. It will also have over 120 million customers and business of a whopping ₹15 trillion.
Starting today, all branches of Dena Bank and Vijaya bank will become the branches of Bank of Baroda, and the customers of these banks will be considered customers of Bank of Baroda.
Photo credit: Gene Hunt on Visualhunt / CC BY
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