Dena Bank and Vijaya Bank Merger
Dena Bank and Vijaya Bank officially merged with Bank of Baroda.
This significant banking merger was part of the Indian government's consolidation plan for public sector banks.
Merger Details
- Banks Merged: Dena Bank and Vijaya Bank
- Resulting Bank: Bank of Baroda
- Effective Date: April 1, 2019
The merger aimed to create a stronger, larger banking entity with enhanced operational efficiency and wider reach.
Similar Questions
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Important Questions from Banking Affairs
As per the provisions of Union Budget 2021-22, how many public sector banks have been lined up for disinvestment?
What is the repo rate given by the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) as on 7 April 2021?
On 25 September 2020,_________ announced that they will launch a contactless debit card-based payment facility through phones called 'Safe Pay', allowing transactions up to ₹20,000 per day.
In November 2020, India and _________ jointly launched Phase 2 of the Rupay card.
In November 2020, the Union Cabinet of India approved the merger of capital-starved Lakshmi Vilas Bank (LVB) with _______________.
