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Government to merge Dena Bank with Vijaya Bank and Bank of Baroda

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The finance ministry on Monday announced that public sector banks-Dena Bank, Vijaya Bank and Bank of Baroda will be merged into a single entity, making it India's third largest bank. Blaming United Progressive Alliance(UPA) for not recognising the non-performing assets(NPAs), finance minister Arun Jaitley said that bad loans rose to Rs 8.5 lakh crore from Rs 2.5 lakh crore in 2014. The minister said stronger banks must have the strength to support the weak banks.

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Maruti Suzuki7,432.70 167.30
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