Dena, Vijaya and BoB may merge to form India's 3rd largest bank
Financial Services Secretary Rajiv Kumar on Monday said the boards of state-run Dena Bank, Vijaya Bank and Bank of Baroda have been advised to merge the three banks. The amalgamated entity would be the third largest bank in India. "The amalgamation will increase the banking operations...No employee will face any service conditions which are adverse," Finance Minister Arun Jaitley said. 