Dena Bank News

Markets

For Bank of Baroda, real test of merger would be from here on

The merged entity’s Common Tier-I equity ratio was 8.56% as against 10.4% on a stand-alone basis for BoBAccording to analysts, the first quarter results should be closely watched as it would give a sense of how the merged book performed

2 min read5 Jul 2019
Industry

Bank of Baroda expects to complete integration of Dena Bank, Vijaya Bank in two years

The merger of Dena Bank and Vijaya Bank with BoB became effective from April 1Information technology platform integration alone will take about 12 months and other processes and systems may take another year or so

2 min read14 Apr 2019
Industry

Bank of Baroda to hire consultancy firm to evaluate board performance

Bank of Baroda seeks to appoint an advisory firm for 'Review of Board Evaluation'BoB said the outcome of the review would also help it enhance the board's overall effectiveness

1 min read14 Apr 2019
Industry

Despite weaker Dena,Bank of Baroda has minimal impact on NPAs post-merger

The three-way merger, the first in the country, makes BoB the third largest lender after State Bank of India and HDFC BankAs far as net NPA is concerned, for BoB it was 4.26% in the December quarter

3 min read1 Apr 2019
Industry

RBI reshuffles lead bank responsibilities post banks merger

Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda has been notified on 2 January, 2019RBI has decided to assign the lead bank responsibility of districts hitherto held by Vijaya Bank and Dena Bank

1 min read1 Apr 2019
Industry

Bank of Baroda, Dena Bank, Vijaya Bank merger: From cheque books to branches, what customers should know

Dena Bank and Vijaya Bank are part of Bank of Baroda from April 1Here is all you need to know about how the Bank of Baroda merger will affect you as an account holder

2 min read2 Apr 2019
Industry

Bank of Baroda is now third largest lender as Dena, Vijaya merger take effect

BoB said the consolidated bank will have over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customersThe bank will have a business mix of ₹15 lakh crore of balance sheet, with deposits and advances of ₹8.75 lakh crore and ₹6.25 lakh crore, respectively

1 min read1 Apr 2019
Industry

Dena Bank, Vijaya Bank merges with Bank of Baroda: 10 things to know

With a total business of about ₹15 trillion, the merged entity is now the third-largest lender in IndiaThis is also India's first-ever three-way consolidation of banks in India

3 min read1 Apr 2019
Industry

SC refuses to stay merger of Vijaya, Dena banks with Bank of Baroda

The top court dismissed the applications filed by several bank officers' associations for staying the merger, effective 1 AprilSolicitor General Tushar Mehta also opposed the plea of bank officers and said it was a purely an economic policy decision

2 min read29 Mar 2019
Companies

Bank of Baroda merger: Govt to infuse ₹5,042 crore

The finance ministry has conveyed its decision to infuse capital of ₹5,042 crore in Bank of BarodaThe capital infusion will be by way of preferential allotment of equity shares during FY 2018-19, as government's investment

1 min read28 Mar 2019
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