Which banks merged into 'Bank of Baroda' recently?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Dena Bank and Vijaya Bank
Dena Bank and Vijaya Bank were amalgamated into Bank of Baroda with effect from 1 April 2019. It was the first three-way merger of public sector banks in India, and it made Bank of Baroda the third largest bank in the country at that time.
Note: This ‘recent’ merger was more than four years old when this June 2023 paper was set. The merged bank had already celebrated four birthdays, and NTA was still calling the news recent.