As per an order issued on Monday, 20th January 2020 by the Ministry of Personnel, Sanjiv Chadha, who was serving as the Deputy Managing Director in the State Bank of India has been appointed as the Managing Director and Chief Executive Officer of the country’s third-largest lender and public sector bank, Bank of Baroda (BOB). ..
Vijaya Bank: GK, General Studies and Current Affairs
The government will infuse around Rs. 5000 crore into Bank of Baroda, which will be merged with two other public sector banks Dena Bank and Vijaya Bank. This merger would be effective from 1st April and is further aiming to create the third-largest lender after State Bank of India and ICICI Bank. The Ministry of ..
On 2nd January 2019, the Union Cabinet approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB). With the merger, BoB will become the third largest bank after State Bank of India and ICICI Bank. The move will help create a strong globally competitive bank with economies of scale and enable ..
Public Sector Banks in India refers to those banks in which the Government equity / shareholding is more than 50%. At present, there are 22 Public Sector Banks in India of which 21 are scheduled commercial banks while one viz. India Post Payment Bank is a payment bank. These along with their current government equity ..
The Government of India (GoI) has proposed to merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda (BoB) to create India’s third largest lender as parts of reforms in the public sector banking segment. The decision was taken at the meeting of a ministerial panel headed by Finance Minister Arun Jaitley which oversees merger ..