New Delhi: The government will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India’s third largest lender, a top government official said on Monday.
Boards of the three banks will examine amalgamation proposal, the department of financial services secretary, Rajeev Kumar, told a news conference here.
He said the banking sector needs reforms and the government is taking care of banks’ capital needs. (PTI)
