Not a bailout package: Dena Bank on merger with BoB, Vijaya
Dena Bank has said the government's proposal to merge it with Vijaya Bank and Bank of Baroda "is not a bailout package". "Dena Bank is very strong across Gujarat, Maharashtra, and Chattisgarh, Vijaya Bank is strong in the south," it added. Dena has a gross bad loan ratio of 22% compared to Vijaya Bank's 6.9% and Bank of Baroda's 12.4%.