Internet desk| Recently, after getting Cabinet approval for merger of Vijaya Bank and Dena Bank in Bank of Baroda, Bank of Baroda has become the third largest bank in the public sector. It is being said that after the merger and the employees of Vijaya Bank will now be the employees of Bank of Baroda. After the merger, Bank of Baroda will now be the third largest bank after SBI and ICICI.
According to the news, the central cabinet has approved the merger of Vijaya Bank and Dena Bank in Bank of Baroda. Union Law Minister Ravi Shankar Prasad of the Indian Government has given this information in a press conference. Also, after the approval of the merger, the decline in the shares of Dena Bank and Vijaya Bank, while the share of Bank of Baroda got stronger. Let us tell you that in September last year, the government had announced the merger of these 3 government banks. After which the central cabinet has now approved it.
After the merger approval, Vijaya Bank's shareholders will get 402 equity shares of Bank of Baroda instead of every 1000 shares. Dena Bank's shareholders will get 110 shares of Bank of Baroda instead of 1,000 shares. Tell you that the government has decided to merge despite protests from the employees' organizations.Rajasthan Tourism App - Welcomes to the land of Sun, Sand and adventures