Big news for bank customers, merger of these 3 banks completed

New Delhi: Public Sector Bank of Baroda (BOB) has completed the integration and merge of 3,898 branches of Vijaya Bank and Dena Bank. It may be recalled that Vijaya Bank and Dena Bank had been in the Merchant Bank of Baroda on April 2019. The bank completed the integration of 1,770 branches of the erstwhile Dena Bank in December 2020, while 2,128 branches of the erstwhile Vijaya Bank were merged into Bank of Baroda (BOB) in September 2020.

In this context, Sanjeev Chadha, managing director and Chief Executive Officer (CEO) of the bank, said in a statement, "We have successfully concluded the merger of the erstwhile banks amidst corona challenges. We once again welcome all our esteemed customers and request them to take advantage of Bank of Baroda products and digital solutions."

According to the statement, bank accounts of more than 5 crore customers have now come to Bank of Baroda. The integration of all branches, ATMs, POS machines and credit cards has been done successfully. On April 1, 10 banks were merged in the country, after which it turned into four banks and the number of public sector banks in the country declined from 27 to 12.

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