The merger with Dena Bank and Vijaya Bank will take at least two-three years to consummate.

The merger of the banks was hurriedly carried out only to protect fraudulent businessmen, Subbayya Shetty told reporters here.

Following the merger, the RBI has decided to assign the lead bank responsibility of districts hitherto held by Vijaya Bank and Dena Bank, t...

The merger of Vijaya Bank and Dena Bank with Bank of Baroda, will be effective from April 1, 2019.

With BoB merger, the government is looking to create the third-largest lender after SBI and ICICI Bank.

As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held.

The boards of public lenders BoB and Dena Bank approved swap ratio for the proposed merger.

The share swap ratio was announced after the stock markets closed on Wednesday.

Dena Bank's shareholders will receive 110 equity shares of BoB of face value Rs 2 for every 1,000 shares they held.

Bank of Baroda is the transferee bank, while Vijaya Bank and Dena Bank are the transferor banks in the amalgamation process.

In September, the govt had proposed a merger of the three banks to create the country’s third biggest lender.

Govt announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank to create the country's second-largest PSU lender by assets and bran...

Earlier this month, the government announced plans to merge Bank of Baroda, Vijaya Bank and Dena Bank to create the country's third largest...

Last week, government had announced merger of Bank of Baroda, Vijaya Bank and Dena Bank to create the country's second largest lender by as...

With 21 per cent gross NPA and 13 per cent net NPA, Dena has one of the highest NPAs.

The government Monday said BoB, Vijaya Bank and Dena Bank will be merged to create the country's third largest lender.

Announcing the plan, Finance Minister Arun Jaitley said the merger will make the banks stronger and sustainable.