Dena Bank Shares Surge, Vijaya Bank, Bank of Baroda Tank on Merger News – Share prices of state-run lenders plunged on concerns that more such forced mergers may be announced by the government, said analysts. Such moves may lead to higher provisioning for bad debt and drag down profits.
Vijaya Bank
Bank Of Baroda Shares Crash 14% – Bank of Baroda, Dena, Vijaya merger ; India’s Creating a New Giant by Merging Three Banks
Gold Silver Reports (GSR) – The government plans to merge Bank of Baroda, Dena Bank and Vijaya Bank as part of efforts to tackle a pile of bad loans plaguing the banking sector. The three banks will create the third largest bank in the country.