Bank of Baroda becomes 2nd largest state-owned lender after merging Dena Bank & Vijaya Bank into it

Bank of Baroda (BoB) today became the second largest state-owned lender after merging Dena Bank and Vijaya Bank into it as part of the first three-way amalgamation. The consolidated entity started its operation with a business mix of over 15 lakh crore rupees of balance sheet, with deposits and advances of 8.75 lakh crore and  6.25 lakh crore rupees, respectively. BoB now has over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers. Meanwhile, BoB completed share allotment ...