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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.

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