Bank of Baroda bags contract from MCGM for online payment services
Friday, January 3, 2020, 3:54 PM
State-owned Bank of Baroda said it has bagged contract from Municipal Corporation of Greater Mumbai (MCGM) to establish digital payment collection services for a period of five years. With this, Mumbaikars will have an alternative digital payment services for making all payments and dues to the civic body, the bank said. The bank will offer the all facility with zero merchant discount rate (MDR).
Dena Bank Board Clears Merger Proposal With Bank Of Baroda
Tuesday, September 25, 2018, 8:20 AM
State-run Dena Bank's board cleared a proposal suggesting a merger with two other state-run banks, Vijaya Bank and Bank of Baroda. The government had last week suggested a merger of the three banks to create the country's second largest state-run bank, after SBI. If the merger takes place, the number of government-run banks will be reduced to 19.
Not A Bailout, Says Dena; Will Not Be Drag, Assures Vijaya Bank
Wednesday, September 19, 2018, 1:35 PM
Dena Bank has said the government's proposal to merge it with Vijaya Bank and Bank of Baroda "is not a bailout package". "Dena Bank is very strong across Gujarat, Maharashtra, and Chattisgarh, Vijaya Bank is strong in the south," it added. Dena has a gross bad loan ratio of 22% compared to Vijaya Bank's 6.9% and Bank of Baroda's 12.4%.