The amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda (BoB) came into effect from:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e 1 April 2019
1. In a first three-way amalgamation, Vijaya Bank and Dena Bank merged with Bank of Baroda (BoB) from April 1 to create the third-largest lender of the country.
2. As a result, branches of Vijaya Bank and Dena Bank will function as BoB outlets.
Important takeaway:
Managing Director & CEO of Bank of Baroda: Shri Sanjiv Chadha
Headquarter: Alkapuri, Vadodara