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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.

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