Back to News

BoB, Dena, Vijaya Bank Merger to Save INR 10 bn Per Year

October 04, 2018

BoB, Dena, Vijaya Bank Merger to Save INR 10 bn Per Year

The mega-merger of Bank of Baroda (BoB), Dena Bank, and Vijaya Bank will help save as much as INR 10 to 12 billion every year, a Dena Bank executive said. They said that the banks have around 1,000 branches in the same areas which needs to be rationalized. This will reduce the manpower requirement and hence the expenditure. However, they said that there will be no layoffs as some of the staff will be transferred to other branches and the rest to newly established branches.

Photo credit: Gene Hunt on Visualhunt / CC BY 

Consult a Career Advisor

Fill up the form to get in touch with us.

Recent Posts
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
March 29, 2019
Transaction Monitoring Market to Grow 200% by 2023, Says Report
March 29, 2019
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
March 29, 2019

Recommended for you ...

Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary

March 29, 2019

Transaction Monitoring Market to Grow 200% by 2023, Says Report
Transaction Monitoring Market to Grow 200% by 2023, Says Report

March 29, 2019

90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years

March 29, 2019

Chat on WhatsApp