Vijaya Bank, Dena Bank merger with BoB challenged in court
Bank unions including All India Bank Officers' Confederation have filed a petition in the Delhi High Court challenging the proposed merger of Bank of Baroda, Vijaya Bank and Dena Bank. The decision-making process behind the merger is a "blatant circumvention and disregard for statutory procedures", the unions claimed. The merger was not a voluntary or an autonomous decision, they added.