Sun, Apr 14, 2019
The process has been designed to ensure that there is minimum disruption of the customers during the transition period, the official said adding that the branding of the three entities will be retained in the interim period and will be transitioned to the new brand in a phased manner to ensure minimum disruption to existing operations.
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"Bank of Baroda has decided to engage a consultancy firm to conduct an independent review of the overall evaluation and effectiveness of the bank's board. The review would provide an opportunity to align and prioritise the board's focus on critical issues," the RFP said.
Mon, Apr 01, 2019
Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda has been notified on January 2, 2019. The notification has come into force on April 1, 2019, the RBI said in a notification.
Sun, Dec 02, 2018
All unions under UFBU will participate in this strike call, said Ashwani Rana, vice president of the National Organization of Bank Workers.
Rajeev is having about three decades of professional experience in three Banks - Syndicate Bank, Vijaya Bank and Indian Bank.
Mon, Oct 29, 2018
In percentage terms, gross NPA of Vijaya Bank was surprisingly very good as it stood at 5.86% in Q2FY19, down by 7.09% in Q2FY18 and 6.19% in Q1FY19.
Wed, Oct 10, 2018
PSBs are trapped to quite an extent in fraud, rising stressed assets, higher provisions, sluggish net interest margin and weak earnings. BoB-Dena Bank-Vijaya Bank merger is way forward?
Tue, Oct 09, 2018
Bank of Baroda, Vijaya Bank Dena Bank merger: The Board of Directors of Bank of Baroda has approved its proposed amalgamation with Vijaya Bank and Dena Bank.
Sat, Sep 29, 2018
The board of state-run Vijaya Bank Saturday gave in-principle approval for its merger with Bank of Baroda along with another PSU lender Dena Bank.
Mon, Sep 24, 2018
The Centre has now started the consolidation of regional rural banks (RRBs) along with the public sector lenders (PSBs).
Fri, Sep 21, 2018
It is a season of PSB mergers! However, from SBI to Punjab National Bank, public sector banks are reacting in horror at prospects of more mergers.
Thu, Sep 20, 2018
First concern is of employee integration. Analysts at brokerage IDFC pointed towards the employee integration and likely discovery of higher NPAs of Dena Bank after the merger while downgrading Bank of Baroda (BoB).
Wed, Sep 19, 2018
BOB shares crashed 16.03%, closing at Rs 113.45 while Vijaya Bank shares were also down 5.69% to close at Rs 56.40 on the BSE as investors could not make sense of the merger.
Tue, Sep 18, 2018
Ramesh Singh, Executive Director, Dena Bank, in an exclusive interview with Anil Singhvi, Managing Editor, Zee Business, said this merger is beneficial for the bank as well as its customers. The merger process is likely to be completed in the next 3- to-6 months.
Bank of Baroda, Vijaya Bank and Dena Bank boards are expected to meet in 10 days time to decide the course of merger.
It needs to be noted that, Bank of Baroda is seen as a strong bank, while Vijaya Bank slightly better and Dena Bank is the weakest entity in the group.
The decision by government, which owns majority stakes in 21 banks, to merge the three banks will first need to be approved by each of the bank's board of directors, and then an amalgamation scheme would be prepared.
The bad loans of five associate banks of SBI as on March 31, 2017 were about Rs 65,000 crore and that of SBI Rs 112,000 crore -- that is a total of Rs 177,000 crore, he reportedly said, adding that after the merger, SBI's bad loans in 2018 increased to Rs 225,000 crore.
Bank of Baroda, Vijaya Bank, Dena Bank merger would be the second big amalgamation exercise in the banking sector after the SBI associate banks with the SBI.
Domestic stock markets closed in red on September 17, 2018, after the Sensex tanked by 505.13 points and the Nifty 50 slumped by 137.45 points
"The consolidation will help create a strong globally competitive bank with economies of scale and enable realisation of wide-ranging synergies," Jaitley said.
Mon, Sep 17, 2018
Bank of Baroda, Vijaya Bank, Dena Bank merger: The Union government has decided to merge Bank of Baroda, Vijaya Bank and Dena Bank.
Sun, Sep 16, 2018
North-Eastern Railway vacancy 2018, SBI, Vijaya Bank recruitment 2018 details: A number of government jobs with attractive salary are on offer.
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