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.
2 min read4 Jan 2019The share swap ratio set by Bank of Baroda (BoB) will hurt Dena Bank investors the most as they stand to lose 4.80 per share, followed by Vijaya Bank shareholders who will lose 3 per share
3 min read3 Jan 2019A share swap ratio of 1:8.5 before the bank merger was announced seems more appropriate, considering Dena Bank's financials
2 min read21 Sep 2018The government is hoping that Bank of Baroda's large balance sheet and healthy capital ratios and Vijaya Bank's robust capital base would fill the holes in Dena Bank's tattered books
4 min read19 Sep 2018Listed PSU banks lost nearly $3.38 billion in market capitalization after the government proposed to merge Bank of Baroda, Dena Bank and Vijaya Bank
2 min read18 Sep 2018Bank of Baroda selling its subsidiaries in Ghana, and Trinidad and Tobago, is seen as part of a strategy to rationalize international operations
2 min read27 Aug 2018Bank of Baroda's stock advances as much as 10.03% to ₹151.90 after the company reports a 160% increase in its June quarter profit
2 min read30 Jul 2018Bank of Baroda's net profit jumped to 528 crore ($76.92 million) in the June quarter (Q1) from 203 crore a year ago
1 min read27 Jul 2018SC Lowy, in turn, is in talks with local ARCs, such as Edelweiss, to structure the deal as foreign funds are not allowed to directly acquire domestic assets
2 min read9 Jul 2018Bank of Baroda had to provide not only for fresh bad loans but also for those disguised as standard because of RBI's forbearance that came to an end in February
2 min read28 May 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared