Bank of Baroda to become larger than ICICI Bank from 1 April
The merger of Bank of Baroda, Vijaya Bank and Dena Bank will create the third largest lender in the country, with advances and deposits market share of 6.9% and 7.4%, respectively. The new merged entity will overtake ICICI Bank as India's third largest commercial bank after SBI and HDFC Bank.
New Delhi: Powered by the business of Dena Bank and Vijaya Bank, Bank of Baroda will become larger than ICICI Bank from 1 April following completion of the amalgamation process of three state-run banks. After State Bank of India (SBI) and HDFC Bank, with businesses of ₹ 45.85 trillion and ₹ 15.8 trillion respectively, ICICI Bank ( ₹ 11.02 trillion) is the third largest commercial bank now,.