Vijaya Bank
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PSB mega mergers: PNB to consider Rs 18,000-cr capital infusion in board meeting on 5 September
•Finance Ministry has decided that PNB, OBC and UBI may consider the amalgamation of OBC and UBI into PNB
FinMin assessing capital needs of PSU banks; Budget 2019-20 may make provision for Rs 30,000 cr
•Five weak banks under the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI) too need capital to maintain minimum regulatory capital ratios as per the Basel III norms.
More than Rs 1,00,000 cr is waiting to enter Narendra Modi govt’s wallet if it bites PSB privatisation bullet; timing is never better
Dinesh Unnikrishnan123 •Privatisation of government banks doesn’t mean the government will have to give away control over these institutions for the roll-out of social sector programmes
Bank of Baroda expects to complete integration of Dena Bank, Vijaya Bank in two years
•State-owned Bank of Baroda (BoB) is likely to complete the process of merger of Dena Bank and Vijaya Bank with it in two years, said a senior official of BoB
Despite weaker Dena Bank, Bank of Baroda has minimal impact on NPAs post-merger, says CEO PS Jayakumar
•The amalgamation of Dena and Vijaya with BoB is the second merger during the past five years
Bank of Baroda pips PNB to become largest nationalised lender after merger with Dena, Vijaya Bank
•Bank of Baroda, the second largest public sector lender after State Bank of India (SBI), now has over 9,500 branches, 13,400 ATMs, and 85,000 employees to serve 12 crore customers.
Vijaya Bank, Dena Bank merger with BoB will benefit customers and employees: Unified management
•The consolidated bank, which went into effect from Monday, will be the second largest public sector bank in the country having a wider geographical reach with 9,500 plus branches
Bank of Baroda is now third largest lender as Dena, Vijaya Bank merger take effect from 1 April
•State-run Bank of Baroda is catapulting itself for a larger play in the system with the merger of Dena Bank and Vijaya Bank with itself from Monday.
BoB-Dena-Vijaya Bank merger: Amalgamation to create second largest PSB; here is how things will change for customers
Fp Staff •The government in September last year had announced the merger of Vijaya Bank and Dena Bank with BoB, aiming to create the third-largest lender after SBI and ICICI Bank.
Supreme Court refuses to stay merger of Vijaya, Dena Bank with Bank of Baroda, dismisses applications by bank officers' associations
•The proposed amalgamation will make Bank of Baroda the second largest public sector bank after State Bank of India