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Dena Bank stock traded 1.59 per cent down at Rs 30.85 on BSE.

Dena Bank surges 20 pc; BoB tumbles 14 pc post merger announcement

Shares of Bank of Baroda dived 13.76 per cent to Rs 116.50 and Vijaya Bank lost 2.59 per cent to Rs 58.25.

18 Sept 2018 7:25 AM

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance:...

The merged entity will have a market share of about 6.8 per cent by loans, according to data as of March 2018.

18 Sept 2018 5:28 AM

Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

Vijaya, Dena, Bank of Baroda in 3-way bank merger

Merged entity will be 3rd largest bank after SBI and PNB in terms of size, deposits and will continue to receive capital...

18 Sept 2018 4:59 AM

Finance minister Arun Jaitley speaks during a press conference in New Delhi. (Photo: PTI)

Dena Bank, Vijaya Bank and Bank of Baroda to be merged, says govt

The merged entity will have a combined business of Rs 14.82 lakh crores, with 10,000 branches and around 85,000...

17 Sept 2018 7:34 PM

Dena Bank is a public sector bank,

BoB, Vijaya Bank, Dena Bank merger may cause short-term spurt in bad...

The merged bank may need additional tier 1 capital depending on internal accruals for FY19.

20 Sept 2018 12:35 PM

Finance Minister Nirmala Sitharaman. (PTI Photo)

Govt to bring amendments to two Acts to enable privatisation of PSU...

Finance Minister announced privatisation of Public Sector Banks (PSBs) as part of disinvestment drive to garner Rs 1.75...

16 Feb 2021 5:12 PM

Vijay Bank reports jump in net profit for fourth quarter

Vijay Bank reports jump in net profit for fourth quarter

The Banks net profit to Rs 204 crore for the fourth quarter ended March 31, 2017.

9 May 2017 11:56 AM