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  • Bank of Baroda answers customers’ queries related to Vijaya Bank and Dena Bank integration Dec 23, 2020 10:45 AM IST

    Bank of Baroda answers customers’ queries related to Vijaya Bank and Dena Bank integration

    Across India, customers will now have access to a total of 8,248 domestic branches and 10,318 ATMs, Bank of Baroda said.

  • BoB, Accenture complete technology integration of former Vijaya Bank's branches Oct 19, 2020 03:11 PM IST

    BoB, Accenture complete technology integration of former Vijaya Bank's branches

    Accenture is now helping align former Dena Banks IT systems with Bank of Baroda, a joint statement said on Monday. The merger of Vijaya Bank and Dena Bank with Bank of Baroda in 2019 created the country's third largest public sector bank.

  • There’s no banking on banks Aug 01, 2020 11:41 AM IST

    There’s no banking on banks

    As COVID-19 has forced us to remain indoors, one would expect banking services to be professional and efficiently digital. It is also expected that banks facilitate doorstep banking for senior citizens as advocated by the RBI. The reality far from this

  • Vijaya Bank, Dena bank removed from second schedule of RBI Act Nov 28, 2019 06:42 PM IST

    Vijaya Bank, Dena bank removed from second schedule of RBI Act

    "Vijaya Bank and Dena Bank have been excluded from the second schedule to the Reserve Bank of India Act, 1934 with effect from April 1, 2019, since they have ceased to carry on banking business with effect from April 1, 2019," RBI said in a notification.

  • RBI reshuffles lead bank responsibilities post banks merger Apr 01, 2019 07:34 PM IST

    RBI reshuffles lead bank responsibilities post banks merger

    Following the merger, the RBI has decided to assign the lead bank responsibility of districts hitherto held by Vijaya Bank and Dena Bank, the central bank said.

  • What the Bank of Baroda mega merger means for customers Apr 01, 2019 07:09 PM IST

    What the Bank of Baroda mega merger means for customers

    The consolidated bank, named as Bank of Baroda, has over 9500 branches, over 13,000 ATMs, 85,000 employees and 12 crore customers.

  • Vijaya Bank, Dena Bank to become Bank of Baroda from April 1 Mar 31, 2019 02:36 PM IST

    Vijaya Bank, Dena Bank to become Bank of Baroda from April 1

    According to the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held. In the case of Dena Bank, its shareholders will get 110 shares of BoB for every 1,000 shares.

  • SC refuses to stay merger of Vijaya, Dena banks with BOB Mar 28, 2019 07:28 PM IST

    SC refuses to stay merger of Vijaya, Dena banks with BOB

    The top court dismissed the applications filed by several bank officers' associations for staying the merger, effective April 1.

  • Merger of Vijaya Bank and Dena Bank with BoB to be effective from April 1 Feb 20, 2019 10:05 PM IST

    Merger of Vijaya Bank and Dena Bank with BoB to be effective from April 1

    Besides, the board of the bank fixed March 11, 2019, as record date for issuing and allotting equity shares of the Bank of Baroda to the Shareholders of Vijaya Bank and Dena Bank.

  • 19 PSBs write off loans worth Rs 41,000 crore in Q3FY19: Report Feb 20, 2019 10:56 AM IST

    19 PSBs write off loans worth Rs 41,000 crore in Q3FY19: Report

    The rise in the pace of the write-off exercise indicates that write-offs may be sizeable in the current year too.

  • Merger will not lead to reduction in branches: Dena Bank Feb 05, 2019 01:32 PM IST

    Merger will not lead to reduction in branches: Dena Bank

    "We may relocate but closure or reduction of branches will not happen," said Karnam Sekar, Managing Director and CEO, Dena Bank.

  • Vijaya Bank Q3 profit rises 80% to Rs 143.4 cr, asset quality weakens Jan 23, 2019 01:59 PM IST

    Vijaya Bank Q3 profit rises 80% to Rs 143.4 cr, asset quality weakens

    Asset quality weakened further during the quarter. Gross non-performing assets as a percentage of gross advances were higher at 6.14 percent against 5.86 percent in previous quarter.

  • Vijaya Bank Standalone December 2018 Net Interest Income (NII) at Rs 1,187.10 crore, up  2.85% Y-o-Y Jan 23, 2019 01:29 PM IST

    Vijaya Bank Standalone December 2018 Net Interest Income (NII) at Rs 1,187.10 crore, up 2.85% Y-o-Y

  • Swap ratio decided through fair and transparent process, says Vijaya Bank Jan 03, 2019 09:23 PM IST

    Swap ratio decided through fair and transparent process, says Vijaya Bank

    RA Narayanan also spoke about the future course of action after the merger.

  • Merged entity not to have any staffing issues: Dena Bank CEO Jan 03, 2019 03:35 PM IST

    Merged entity not to have any staffing issues: Dena Bank CEO

    'Merged entity will have a structure of MD, ED and whatever is available in PSB. So only one MD will be there,' said Karnam Sekar, Dena Bank's CEO.

  • Bank of Baroda-Dena, Vijaya Bank merger: Brokerages say time to ‘buy’ Jan 03, 2019 11:13 AM IST

    Bank of Baroda-Dena, Vijaya Bank merger: Brokerages say time to ‘buy’

    The swap ratio appears fair in respect to Dena Bank owing to the multiple challenges faced by the bank, and most experts feel that Vijaya Bank shareholders have nothing to gain from this merger.

  • BoB up over 2.5%, Dena Bank plunges 18% on cabinet approval for merger Jan 03, 2019 09:37 AM IST

    BoB up over 2.5%, Dena Bank plunges 18% on cabinet approval for merger

    The Cabinet on January 2 approved the merger of the three public sector banks

  • Syndicate Bank to raise up to Rs 500 cr by issuing shares to staff Jan 02, 2019 08:57 PM IST

    Syndicate Bank to raise up to Rs 500 cr by issuing shares to staff

    Another public lender Vijaya Bank in a separate filing said its board of directors at a meeting held on January 2 approved issuance of up to 5 crore fresh equity shares to its employees.

  • Quick Take | Mega bank merger: Swap ratio sweetens deal for BoB shareholders Jan 02, 2019 08:31 PM IST

    Quick Take | Mega bank merger: Swap ratio sweetens deal for BoB shareholders

    The merged entity will be the country's third-largest lender after SBI and HDFC Bank with total assets of over Rs 10 lakh crore.

  • Cabinet clears merger of Dena Bank, Vijaya Bank with Bank of Baroda Jan 02, 2019 07:01 PM IST

    Cabinet clears merger of Dena Bank, Vijaya Bank with Bank of Baroda

    Centre expects the combined business of the banks to stand at Rs 14.82 lakh crore.

  • Swap ratio fixed for Vijaya Bank, BoB, Dena Bank merger Jan 02, 2019 04:39 PM IST

    Swap ratio fixed for Vijaya Bank, BoB, Dena Bank merger

    The board of directors of BoB had decided to give its 'in-principle approval' for the amalgamation of Vijaya Bank and Dena Bank with BoB at a meeting held on September 29, 2018, according to a release filed with the exchanges

  • Bank of Baroda, Dena Bank and Vijaya Bank to appoint valuers for merger Oct 25, 2018 05:49 PM IST

    Bank of Baroda, Dena Bank and Vijaya Bank to appoint valuers for merger

    Applications are being invited from chartered accountancy firms to value each bank and decide on the probable swap ratio.

  • Bank unions protest against BoB, Vijaya Bank, Dena Bank merger Oct 09, 2018 10:25 PM IST

    Bank unions protest against BoB, Vijaya Bank, Dena Bank merger

    Last month, the government had announced amalgamation of three banks to create the country's third-largest lender.

  • BoB, Vijaya Bank, Dena Bank send merger proposal for govt nod Oct 09, 2018 04:59 PM IST

    BoB, Vijaya Bank, Dena Bank send merger proposal for govt nod

    The government had announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank on September 17, to create the country's third-largest lender.

  • BoB, Vijaya Bank approve merger proposal to create second-largest PSU lender Sep 29, 2018 07:42 PM IST

    BoB, Vijaya Bank approve merger proposal to create second-largest PSU lender

    The board of directors of the bank at their meeting decided to give its 'in-principle approval' for amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda and commence the process for the same, subject to applicable approvals, Bank of Baroda said in a regulatory filing.

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