With which bank have Dena Bank and Vijaya Bank been merged?

Question

Question

This question was previously asked in

SSC CGL 2021 Tier-I (Held On : 13 April 2022 Shift 3)

Answer 1

The correct answer is Bank of Baroda.

Key Points

Dena Bank and Vijaya Bank have been merged with Bank of Baroda with effect from April 1, 2019.
According to the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held.
In the case of Dena Bank, its shareholders will get 110 shares of BoB for every 1,000 shares.
With a combined business of Rs 14.82 lakh crore, BOB became the third-largest bank after State Bank of India (SBI) and ICICI Bank.

Additional Information