Dena Bank and Vijaya Bank have merged with Bank of Baroda (BoB) from April 1 to create the third-largest lender of the country. Customers including depositors of Dena Bank and Vijaya Bank will be treated as customers of Bank of Baroda with effect from April 1, 2019.
According to the Scheme of Amalgamation, shareholders of Dena Bank will get 110 shares of BoB for every 1,000 shares, while Vijaya Bank’s shareholder will get 402 equity shares of BoB for every 1,000 shares. As a result, branches of Dena Bank and Vijaya Bank will function as BoB outlets from April 1 onwards.
Dena Bank is engaged in providing banking services. Its services include treasury, corporate/wholesale banking, retail banking, mobile banking, phone banking, internet banking, international banking, dena automated teller machine (ATM) services and visa bill pay etc.
Company Name | CMP |
---|---|
SBI | 825.70 |
Bank Of Baroda | 281.60 |
PNB | 141.10 |
Canara Bank | 621.85 |
Union Bank Of India | 154.25 |
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