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Dena-BoB-Vijaya merger takes effect today

Bank of Baroda will acquire Vijaya and Dena Bank to create India’s second largest public sector bank behind State Bank of India (SBI) with effect from April 1. This is the first threeway merger of banks in India. The combined entity will have more than 9,500 branches, more than 13,400 ATMs with 85,000 employees serving over 120 million customers. The combined entity will have deposits and advances of Rs 8.75 lakh crore, and Rs 6.25 lakh crore, respectively. 

Read More at The Economic Times News date : 1 Apr 2019, Monday

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