Starting April 1, Bank of Baroda will become India’s third largest lender, once Dena Bank and Vijaya Bank are amalgamated into it. The three-way merger approved on January 02, 2019 becomes effective from Monday.
The finance ministry has conveyed its decision to infuse capital of ₹5,042 crore in Bank of Baroda.The capital infusion will be by way of preferential allotment of equity shares during FY 2018-19, as government's investment
This is neither an offer nor a solicitation to purchase or sell securities. The information and views contained on this site are believed to be reliable, but no responsibility (or liability) is accepted for errors of fact or opinion. Writers and contributors may be trading in, or have positions in the securities mentioned in their articles. Neither IndiaNotes nor any of the contributors accepts any liability arising out of use of the above information/article. Reproduction in whole or in part without written permission is prohibited.