The chief executives of Vijaya Bank, Dena Bank and Bank of Baroda are likely to meet in the first week of December to chalk out a plan to increase the number of organizational layers in the merged entity, Mint reported.
The meeting will be done to take on board the larger workforce of the merged entity, the report said citing a senior banker aware of the talks. The banks, in total, have 85,675 employees and 9,849 branches.
The chiefs of the banks, according to the report, will likely discuss a change in the current two-tier structure of a zonal and regional office, which is followed in Vijaya and Dena Bank.
The plan is to change to a three, that is zonal, regional and head office, followed by Bank of Baroda or even a four-tier structure that is followed in India's largest lender, State Bank of India, said the report.
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