Bank of Baroda will consider the government's proposal to merge Dena Bank and Vijaya Bank with itself. The meeting of Board of Directors of the Bank is scheduled to be held on September 29, 2018, to consider the same. The merger process would take 4-6 month and the possible timeline for completion of the process could be April 1, 2019.
Earlier this month, the government announced plans to merge Bank of Baroda, Vijaya Bank and Dena Bank to create the country's third largest lender as part of efforts to revive credit and economic growth.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
