Vijaya Bank approves merger with Bank of Baroda, Dena Bank
The board of state-run Vijaya Bank on Saturday gave in-principle approval for merger with Bank of Baroda and Dena Bank. Earlier this month, the government proposed merging the banks to create the country's third-largest lender. After the merger of Bank of Baroda, Vijaya Bank and Dena Bank, the number of public sector banks will come down to 19.