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Cabinet Clears Vijaya Bank, Dena Bank, Bank Of Baroda Merger: 10 Points
Merger to create third largest bank in country Combination marks first-ever three-way merger in country's banking sector Interests of employees to be protected, says government
02 Jan 2019, 05:38 PM IST 
Merger of Bank of Baroda, Vijaya Bank & Dena Bank will come into force on April 1, 2019
The government said in a statement that as per the scheme of amalgamation, Bank of Baroda will be the transferee bank while the other two public sector banks will be transferor banks. That means the businesses of Vijaya Bank and Dena Bank will be transferred to Bank of Baroda.
The undertakings owned by Vijaya Bank and Dena Bank that will be transferred to the third state-run lender will include assets, liabilities, rights, titles,...
