India to get second largest PSB as Dena, Vijaya to merge with BoB today

The interoperability of the key banking services across all branches would be introduced by the end of April

The country is set to get its second largest public sector bank, as Dena Bank and Vijaya Bank merger with Bank of Baroda comes into effect on Monday. The new entity will have business of Rs 15 trillion. 
 

At the start, it will have a wider geographical reach with 9,500-plus branches, 13,400+ ATMs, 85,000+ employees. It will serve over 120 million customers and have deposits (Rs 8.75 trillion) and advances of (Rs 6.25 trillion). 

All branches of Vijaya Bank and Dena Bank will function as branches of Bank of Baroda from April 1, 2019. Customers, including depositors of Vijaya Bank and