Question
Which bank recently (in April 2019) became the $3^{\text{rd}}$ largest bank of India after the merger with two other banks?
This question was previously asked in
RRB NTPC 2019 CBT 1 Question Paper (8-Mar-2021) (Shift 2)
The correct answer is
Bank of Baroda
Bank Merger Creates India's 3rd Largest Bank
In April 2019, a significant bank merger took place in India, impacting the country's banking landscape.
- The merger involved Bank of Baroda, Vijaya Bank, and Dena Bank.
- Following the amalgamation, Bank of Baroda emerged as the $3^{\text{rd}}$ largest bank in India by market share and business size.
- This consolidation aimed to create a stronger, more competitive banking entity.
The event repositioned Bank of Baroda significantly within the Indian banking sector.
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