Delhi HC admits petition challenging merger of Vijaya, Dena, Bank of Baroda

The Delhi High Court on Tues­day agreed to hear petitions challenging the proposed mer­ger of Vijaya Bank and Dena Bank with Bank of Baroda and issued a notice to the central government. The case will be next heard on February 13.
 
The petition, moved by All India Bank Officers Confed­eration and All India Vijaya Bank Officers’ Association, alleges that the government approved the said merger without consulting the Reserve Bank of India (RBI), and without participation of officers of these banks.