Bank Of Baroda, Dena Bank, Vijaya Bank To Create India's Third Largest Bank: 10 Points

The announcement by the government to merge the three-state-run banks comes amid banks in the country dealing with Rs 8.99 lakh crore worth of non-performing assets (NPAs) - or bad loans - as of December 2017. The merger will be the first-ever three-way consolidation of banks in the country with a combined business of Rs. 14.82 lakh crore, the government said in its press release. The consolidation will help create a strong global...