Cricket, culture and PSU bank merger

The market may take time to digest the BoB-Vijaya-Dena merger but it could be a template for the next four mergers to create "NextGen" mega banks

Tamal Bandyopadhyay

On June 9, around 2,000 Bank of Baroda (BoB) employees participated in a five-km “Su Run”, flagged off by badminton champion Srikanth Kidambi at Jio Garden, Mumbai’s Bandra Kurla Complex, where the bank is headquartered. That was one of the many segments of a team-building exercise, which will be replicated in other cities. The sports culture is an import from Vijaya Bank which, along with Dena Bank, has been merged with BoB — the first such instance in the history of India’s public sector banks (PSBs). Indeed, New Bank of India was merged with Punjab ...