Tripura News
Home > Tripura News
Bank of Baroda, Vijaya Bank, Dena Bank merger protested by Tripura Bankers
TIWN Sep 18, 2018
TIWN Sep 18, 2018
-1537276738.jpg&w=567)
PHOTO : Bank of Baroda, Vijaya Bank, Dena Bank merger protested by Tripura Bankers at Melarmath State Bank. TIWN Pic Sep 18
AGARTALA, Sep 18 (TIWN): The potential merger of Bank of Baroda, Dena Bank and Vijaya Bank the BJP Government comes with its own challenges on business integration, technology, culture and people management including a possible opposition by trade unions.
A protest was staged before Melarmath, State Bank on Tuesday evening voicing against the merger.
Bank of Baroda is strong in western and northern India while Dena Bank has a larger base in Gujarat and Maharashtra and Mangalore-based Vijaya Bank has a presence in south India.
The merged entity will have a market share of about 6.8 percent by loans (Rs 6.40 lakh crore) – according to data as of March 2018 -- making it the third largest bank after State Bank of India (SBI) and HDFC Bank.
Add your Comment
Comments (0)
More Tripura News
- ‘Attempt to Blacken Our Government’s Face’ : Sushanta Chowdhury alleged ‘Conspiracy’ as he claimed Deepabali’s Posters were Unauthorized
- Dhanteras : Gold Sales Gone High in Agartala With a Surprise for Sellers amid Heavy Price Hikes
- Won’t Allow ‘Shanta Tripura’ to becoming ‘Ashanta’ : Minister Bikash Debbarma slammed Manik Saha’s Critics
- ‘17,216 Pakka Ghar homes sanctioned for the Tribal Population’ : Minister Sukla Charan Noatia
- TSR Bus Crashes into Ration Shop in Udaipur