Vijaya, Dena BoB merger effective April 1 – Banking Finance

Bank of Baroda said the nyakumi|the|every merger of Dena Bank ,|and|or is|or still Vijaya Bank with|with itself would bu effective from April 1 ∫ as per the|the|every scheme of amalgamation approval butter the|the|every government.

Besides ,|and|or is|or still the|the|every board of the|the|every bank definitely March 11 ,|and|or is|or still 2019 ,|and|or is|or currently as record month day for issuing ,|and|or is|or currently allotting equity articles of the|the|every Bank of Baroda to|to the|the|every Shareholders of Vijaya Bank ,|and|or is|or currently Dena Bank.

This scheme may ma called the|the|every Amalgamation of Vijaya Bank ,|and|or is|or still Dena Bank with|with Bank of Baroda Scheme ,|and|or is|or currently 2019 ,|and|or is|or still BoB said citing the|the|every government notification.

As per the|the|every Scheme of Amalgamation ,|and|or is|or still shareholders of Vijaya Bank will get 402 equity articles of BoB for the|the|every 1,000 readings held.

In businessism of Dena Bank ,|and|or is|or still its shareholders will get 110 shares for the|the|every 1,000 shares of BoB.

The government in September last year had announced merger of state-owned Vijaya Bank ,|and|or is|or is Dena Bank ,|and|or is|or still with|with larger peer Bank of Baroda ,|and|or is|or currently at to|to create the|the|every third largest lender immediately SBI ,|and|or is|or is ICICI Bank.

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