Vijaya Bank

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Vijaya Bank - Total results - 62
10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline
Business

10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline

The Union Cabinet on Wednesday had okayed the amalgamation of 10 public sector banks to create four large state-owned lenders with effect from 1 April, 2020

Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending
Business

Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending

According to a senior banker, information technology integration of Vijaya Bank and Dena Bank with Bank of Baroda is still in process even after 10 months of merger.

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI
Business

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI

Over 3,400 branches of 26 public sector banks (PSBs) have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query

Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
Business

Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April

The complete harmonisation among the three entities would take another 12 to 14 months after the merger

PSB mega mergers: PNB to consider Rs 18,000-cr capital infusion in board meeting on 5 September
Business

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

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
Business

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

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

FinMin assessing capital needs of PSU banks; Budget 2019-20 may make provision for Rs 30,000 cr
Business

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.

Bank of Baroda expects to complete integration of Dena Bank, Vijaya Bank in two years
Business

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
Business

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
Business

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
Business

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
Business

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
Business

BoB-Dena-Vijaya Bank merger: Amalgamation to create second largest PSB; here is how things will change for customers

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
Business

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

Bank of Baroda shares jump nearly 7% on govt's decision to infuse Rs 5,042 crore into state-owned lender
Business

Bank of Baroda shares jump nearly 7% on govt's decision to infuse Rs 5,042 crore into state-owned lender

The stock of Bank of Baroda climbed 6.62 percent to close at Rs 129.60 on the BSE. During the day, it gained 7.28 percent to Rs 130.40

Govt to infuse Rs 5,042-crore capital into Bank of Baroda ahead of Dena Bank, Vijaya Bank merger
Business

Govt to infuse Rs 5,042-crore capital into Bank of Baroda ahead of Dena Bank, Vijaya Bank merger

The government in September last year had announced merger of Vijaya Bank and Dena Bank with Bank of Baroda, aiming to create the third-largest lender after SBI and ICICI Bank

Vijaya Bank third quarter net profit surges 80% to Rs 143 cr; gross NPAs decline marginally to 6.14%
Business

Vijaya Bank third quarter net profit surges 80% to Rs 143 cr; gross NPAs decline marginally to 6.14%

Total income of Vijaya Bank also rose to Rs 4,106.42 crore during the period, compared with Rs 3,450.81 crore a year ago, Vijaya Bank said in a regulatory filing.

Trade unions strike: Banking operations partially affected; SBI, private sector banks remain unaffected
Business

Trade unions strike: Banking operations partially affected; SBI, private sector banks remain unaffected

AIBEA and the BEFI have supported the strike, which impacted banking operations where these two unions are strong

Dena Bank, Vijaya Bank shares tank; Bank of Baroda rises after Cabinet approves three-way merger
Business

Dena Bank, Vijaya Bank shares tank; Bank of Baroda rises after Cabinet approves three-way merger

The scrip of Dena Bank plummeted 19.77 percent to Rs 14.40 on BSE. Shares of Vijaya Bank plunged 7.44 percent to Rs 47.25.

Bank of Baroda, Dena, Vijaya Bank merger: No real winners here; one bad apple can spoil the whole bunch
Business

Bank of Baroda, Dena, Vijaya Bank merger: No real winners here; one bad apple can spoil the whole bunch

This is a merger of two healthy banks with one weak, capital-starved, NPA-ridden candidate and it is easy to see who stands to gain the most