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Bank of Baroda, Vijaya Bank and Dena Bank merger: New entity post deal to be operational from April 1

Updated : September 19, 2018 07:43 AM IST

These three state-run banks would work on a strict timeline and necessary regulatory process is expected to be over by the end of 2018-19.
The scheme of the amalgamation will be formed subsequent to board meetings of the banks this month.
The scheme will have various details including share swap ratio and requirement of capital from the promoter.
Bank of Baroda, Vijaya Bank and Dena Bank merger: New entity post deal to be operational from April 1
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