Bank of Baroda completes integration of erstwhile Dena, Vijaya banks with itself
In a first three-way amalgamation, Vijaya Bank and Dena Bank were merged with Bank of Baroda from April 1, 2019.
December 20, 2020 / 07:32 PM IST
State-run Bank of Baroda on December 20 said it has completed integration of 3,898 branches of erstwhile Vijaya Bank and Dena Bank with itself.
In a first three-way amalgamation, Vijaya Bank and Dena Bank were merged with Bank of Baroda from April 1, 2019. The bank has completed the integration of 1,770 erstwhile Dena Bank branches in December 2020, and had earlier completed the integration of 2,128 erstwhile Vijaya Bank branches in September 2020, the lender said in a release.
"We have successfully completed integration of erstwhile banks with Bank of Baroda amidst the challenges faced under the COVID environment. We are happy to once again welcome all our esteemed customers and request them to avail full suite of Bank of Baroda's products and digital solutions," the bank's managing director and CEO Sanjiv Chadha said in the release. Over 5 crore customer accounts were migrated. In addition to branches, all ATMs, POS machines and credit cards have been migrated successfully.
The bank said all customers now have access to a total of 8,248 domestic branches and 10,318 ATMs across India, which will provide them complete access to its entire suite of products and services. All customers will now have access to the bank's digital channels.
Debit cards already issued to customers by erstwhile banks will continue to function until the stipulated expiry of the card, the bank said.