CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The cabinet has approved the merger of Vijaya Bank & Dena Bank with ______ And become the first ever three-way merger in Indian banking.
A
Axis Bank
B
Union Bank of India
C
Punjab National Bank
D
Bank of Baroda
Explanation: 

Detailed explanation-1: -Bank of Baroda, Dena, Vijaya Bank merger: How to get new ATM card, account number. Bank of Baroda (BoB) has completed the integration of 3,898 branches of Vijaya Bank and Dena Bank with itself.

Detailed explanation-2: -Vijaya Bank and Dena Bank were merged with Bank of Baroda with effect from April 1, 2019. BoB’s customers will now have access to 8,248 domestic branches and 10,318 ATMs across the country.

Detailed explanation-3: -New Delhi: As the merger came into effect from April 1, customers of Dena Bank and Vijaya Bank are now account-holders of Bank of Baroda, which has become India’s third-largest bank. The merger will provide customers of all three banks access to a larger number of branches, ATMs and other services.

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