Vijay and Dena Banks become Bank of Baroda

The amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank comes into effect to create India’s Second Largest Public Sector Bank. Since the time, the ‘in-principle’ approval to the amalgamation was granted by the boards of the three banks in end-September 2018 , the process has been completed in record time.
As per notification dated March 30, 2019 by RBI, all branches of Vijaya Bank and Dena Bank will function as branches of Bank of Baroda from April 1, 2019. Customers, including depositors of Vijaya and Dena Banks will be treated as customers of Bank of Baroda with effect from said date.

The consolidated bank will be the second largest public sector bank in the country. It will have a wider geographical  reach with 9,500+ branches, 13,400+ ATMs, 85,000+ employees serving 120 million+ customers and business mix of INR 15 lakh+ crore with deposits and advances of INR 8.75 lakh+ crore with deposits and advances of INR 8.75 lakh+ crore, and INR 6.25 lakh+ crore, respectively.

The Customers of all three banks stand to benefit in the process, experiencing superior banking service.