Positive Side of Vijaya Bank and Dena Bank with Band of Baroda and Roles of Personal Relation in Banks Merger
From 1st April, 2019, The public sector Bank of Baroda (BoB) has made things even bigger . The merger of Vijaya Bank and Dena Bank with Bank of Baroda, BoB has been transformed to become the second largest public sector lender after state bank of India and the third largest overall after SBI and HDFC Bank. So far Punjab National Bank has been the second largest bank in the public sector. The new company now has a network of around 9,500 branches throughout India, and about 13,000 ATMs. Vijaya Bank and Dena Bank customers have now obtained access to some 104 Bank of Baroda branches in overseas. According to the Amalgamation Scheme, Vijaya Bank shareholders will receive 402 BoB equity shares for every 1,000 shares held. In Dena Bank 's case its shareholders will receive 110 BoB shares per 1,000 shares. The combined company would have more financial strength, the net NPA ratio would be 5.71 per cent, slightly higher than the 12.13 per cent rate for PSBs. Announcing the merger, Fina...