In a first, India to witness 3-way merger in banking sector
Shortpedia
Content Team
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In the banking sector, India for the first time will see the merger between 3 banks after the Bank of Baroda on Wednesday allowed fair equity share exchange ratio for the collaboration of Dena Bank and Vijaya Bank with it. And with this fusion, BOB will become the 3rd largest public sector bank placed after SBI and ICICI. This alliance will be effective from April 1, 2019. The staff of the 2 banks will be shifted to BOB.
