Banking on size, technology, and efficiency
By merging 10 PSBs into four large banks, the Finance Minister wants to push growth through credit offtake and pave the way for a $5 trillion economy.
vijaya bank
August 2019
September 2018
Expect ₹1.8 lakh crore NPA recovery this year: govt
Finance minister Arun Jaitley says the government is committed to aiding and recapitalising PSU banks
Health check: The big bank merger
The proposed consolidation of Bank of Baroda, Dena Bank, and Vijaya Bank will see a mega-bank with assets of ₹606,782 crore, and combined gross non performing assets (NPAs) of ₹79,320 crore
BoB shares plummet 16% on merger proposal
Shares of Bank of Baroda took a beating, while Dena Bank’s shares received a boost following the government’s announcement suggesting a merger of the two lenders along with Vijaya Bank.
Coming up next, India’s third-largest bank
Government proposes merger of Bank of Baroda, Vijaya Bank and Dena Bank. Experts divided on whether the move will help the troubled public sector lenders.
