Bank of Baroda has received approval for fair equity share exchange ratio, subject to statutory regulatory approvals for amalgamation of Dena Bank and Vijaya Bank with itself. Ratio will be 402 equity shares of Rs 2 each of the bank for every 1000 equity shares of Rs 10 each of Vijaya Bank and 110 equity shares of Rs 2 each of the bank for every 1000 equity shares of Rs 10 each of Dena Bank.
The Board of Directors of the Bank at its meeting held on January 02, 2019 has approved the same.
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.
