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Sep 19, 2018 | Bank of Baroda, Vijaya Bank and Dena Bank to be merged


NEW DELHI: The government proposed the merger of three banks — Bank of BarodaNSE 2.87 %, Vijaya BankNSE -6.64 % and Dena BankNSE -4.72 % —aimed at creating the country’s third-biggest lender.  That’s seen as preparing the ground for consolidation among the remaining 17 state-owned lenders that have been a drain on the exchequer and marking the next big move in banking reforms. 

The boards of the three banks will now consider the proposal.