SBI is the lead banker in 48 districts across the country. Likewise, BoB is the lead banker in 17 out of 250 districts in the first phase.
The move comes a day after the public sector lender received capital infusion of Rs 7,000 crore from the Centre
BoB to focus heavily on women SHGs, looks to expand small loans, micro finance portfolio
Undoubtedly, this merger is going to create a case study for the students of management and banking professionals, this merger was of a different kind and of a larger scale also
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
Yogi govt may soon sign MoU with the PSU bank, Sidbi and some NBFCs to facilitate easy funding for small- and medium-sized units
Dena Bank and Vijaya Bank got amalgamated with Bank of Baroda from this April
BOB is amongst the better capitalised PSBs, with a common equity tier I capital of 8.49% in 1QFY20
Banks to take cue from merger of BoB, Vijaya Bank, and Dena Bank
While the market is looking at near-term implications of the merger like the pace of lending activity, banks are more concerned with long-term issues
10 banks to be merged into 4; Indian Bank & Allahabad to be one
After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017
Finance ministry has called a meeting with chief executives of ten public sector banks on Friday
The bank is in discussions will NBFCs/HFCs such as PNB Housing Finance, Indiabulls Consumer Finance, IIFFL, Annapoorna MFI among others for loans
CEO Jayakumar said the bonds were likely to be floated by August-end or the first week of September to raise tier II/tier I capital
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
This is the bank's first quarterly result after Dena Bank and Vijaya Bank were amalgamated with Bank of Baroda
This is the lender's first earnings announcement after it merged Dena Bank and Vijaya Bank with itself
The public lender's net interest income (NII) came in Rs 6,498.1 crore
On a standalone basis, analysts are eyeing a pre-provision profit for Bank of Baroda of up to Rs 4,765 crore the quarter under review