Cabinet approves merger of Vijaya Bank, Dena Bank and Bank of Baroda; first-ever three way merger in Indian Banking

The amalgamation will be the first-ever three-way consolidation of banks in India. The amalgamated entity will be India's second largest Public Sector Bank and India’s third largest bank with a total business of more than Rs 14.82 lakh crore.

from Jagran Josh http://bit.ly/2TjNICC