BoB-Dena Bank-Vijaya Bank merger takes effect from 1st April : Here's what will change for customers of these banks

Two major state-run banks will stop operations from April 1. These two banks are Dena Bank and Vijaya Bank, and they will be merged with Bank of Baroda. Bank of Baroda will acquire Vijaya Bank and Dena Bank to create India’s second largest public sector...

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Bank of Baroda’s ‘one-sided’ contract riles Dena Bank, Vijaya Bank staff

With the merger of Dena Bank and Vijaya Bank with Bank of Baroda (BoB) coming into effect from April 1, the BoB management is reportedly forcing staff of the other two banks to sign an allegedly “one-sided” and “discriminatory” contract before March 16....

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Dena Bank narrows its loss in Q3FY19

State-owned Dena Bank on Thursday reported narrowing of net loss in December quarter to Rs 178.47 crore as provisioning for bad loans declined. The bank had posted a net loss of Rs 380 crore in the October-December period of 2017-18. Total income...

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Merger Of Dena Bank and Vijaya Bank With Bank of Baroda Challenged In Court

The proposed amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank has seen a legal challenge with the Delhi High Court agreeing to hear a petition challenging the move, days after it was approved by the union cabinet. The petition filed by...

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What will happen to Employees, Bank Branches after merger of BoB,Dena and Vijaya Bank

The announcement of the merger of Bank of Baroda, Vijaya Bank, and Dena Bank has sent the fear of job loss to all the employees of the three banks. The shareholders were also confused. Recently, the banks have finalised their share-swap ratio. However, the...

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No one will lose job after Bank of Baroda merger: Arun Jaitley

Finance minister Arun Jaitley on Friday said in Lok Sabha that there would be no loss of jobs due to merger of public sector banks. Earlier this week, the Cabinet approved merger of Vijaya Bank and Dena Bank with Bank of Baroda. Jaitley said that there...

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Cabinet approves amalgamation of Dena Bank, Vijaya Bank with BoB

The Union Cabinet on Wednesday approved the first-ever three-way merger in the history of Indian banking with the amalgamation of state-owned Vijaya Bank, Dena Bank and Bank of Baroda (BoB).  "There will be no impact on the service conditions of...

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The challenges behind BoB, Vijaya Bank & Dena Bank merger

When an experiment begins, the scientist hardly knows what the outcome will be. In a moment of adventure or necessity, the government put three men — PS Jayakumar, RA Sankara Narayanan and Karnam Sekar — in a boat and set them on sail into uncharted territory.  These...

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