Make this your homepage
Tripura News
Home > Tripura News
Bank of Baroda, Vijaya Bank, Dena Bank merger protested by Tripura Bankers
TIWN Sep 18, 2018
Bank of Baroda, Vijaya Bank, Dena Bank merger protested by Tripura Bankers
PHOTO : Bank of Baroda, Vijaya Bank, Dena Bank merger protested by Tripura Bankers at Melarmath State Bank. TIWN Pic Sep 18

AGARTALA, Sep 18 (TIWN): The potential merger of Bank of Baroda, Dena Bank and Vijaya Bank the BJP Government comes with its own challenges on business integration, technology, culture and people management including a possible opposition by trade unions.

A protest was staged before Melarmath, State Bank on Tuesday evening voicing against the merger. 

Bank of Baroda is strong in western and northern India while Dena Bank has a larger base in Gujarat and Maharashtra and Mangalore-based Vijaya Bank has a presence in south India.

The merged entity will have a market share of about 6.8 percent by loans (Rs 6.40 lakh crore) – according to data as of March 2018 -- making it the third largest bank after State Bank of India (SBI) and HDFC Bank.

Add your Comment
Comments (0)

Special Articles

Sanjay Majumder Sanjay Majumder
Anirban Mitra Anirban Mitra