The cabinet has approved the merger of Vijaya Bank & Dena Bank with Bank of Baroda. After this merger, Bank of Baroda will become the.....biggest public sector bank.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The cabinet has approved the merger of Vijaya Bank & Dena Bank with Bank of Baroda. After this merger, Bank of Baroda will become the____biggest public sector bank.

A	fifth
B	second
C	fourth
D	third

Explanation:

Detailed explanation-1: -The union cabinet on Wednesday approved merger of Bank of Baroda, Vijaya Bank and Dena Bank. Both Vijaya Bank and Dena Bank would be merged with Bank of Baroda. The merged entity would emerge as India’s second largest public sector bank (PSB).

Detailed explanation-2: -All branches of Vijaya Bank and Dena Bank have now become Bank of Baroda branches. Bank of Baroda (BoB) said on December 20 that it had completed the integration/migration of 3, 898 branches of Vijaya Bank and Dena Bank.

Detailed explanation-3: -Bank of Baroda (BoB) has completed the integration of 3, 898 branches of Vijaya Bank and Dena Bank with itself.

Detailed explanation-4: -State-run Bank of Baroda on Sunday said it has completed integration of 3, 898 branches of erstwhile Vijaya Bank and Dena Bank with itself. In a first three-way amalgamation, Vijaya Bank and Dena Bank were merged with Bank of Baroda from April 1, 2019.

Detailed explanation-5: -There are 12 public sector banks after merger. Earlier, the total number of public sector banks was 27.

There is 1 question to complete.