SarkariPYQ

SSC CGL 2022 PYQ — Question 31

SSC CGL - 13 April 2022 - Shift 3 • General Awareness • Q31

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With which bank have Dena Bank and Vijaya Bank been merged?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Bank of Baroda.

  • Vijaya Bank and Dena Bank were merged with Bank of Baroda from April 1, 2019.
  • The tripartite amalgamation reflects the government's focus towards consolidation and strengthening of public-sector banking and also to deal with the raising problematic issues like non-performing assets (NPAs) and default of loans.
  •  As per the share exchange ratio approved in relation to the merger, the Bank of Baroda will issue 110 shares of Rs 2 each for every 1000 shares of Dena Bank and 402 shares of Rs 2 each for every 1000 shares of Vijaya Bank.