Practicing Success
With which bank have Dena Bank and Vijaya Bank been merged? |
Punjab National Bank United Bank of India Corporation Bank Bank of Baroda |
Bank of Baroda |
The correct answer is Option (4) - Bank of Baroda Dena Bank and Vijaya Bank have been merged with Bank of Baroda with effect from April 1, 2019. According to the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held. In the case of Dena Bank, its shareholders will get 110 shares of BoB for every 1,000 shares. With a combined business of Rs 14.82 lakh crore, BOB became the third-largest bank after State Bank of India (SBI) and ICICI Bank. |