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15 October, 2019 02:16 IST
Government to merge Dena Bank, Vijaya Bank, Bank of Baroda
Source: IRIS | 18 Sep, 2018, 03.33PM
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The bank has received a communication from Ministry of Finance, Government of India that the Alternative Mechanism (AM) after consultation with Reserve Bank of India (RBI), has decided that Bank of Baroda, (Q,N,C,F)* Vijaya Bank (Q,N,C,F)* and Dena Bank (Q,N,C,F)* may consider amalgamation of the three Banks.

Shares of the Bank of Baroda declined Rs 31.2, or 21.34%, to trade at Rs 115.00. The total volume of shares traded was 7,252,221 at the BSE (2.07 p.m., Tuesday).

Shares of the Vijaya Bank declined Rs 4.4, or 7.22%, to trade at Rs 56.50. The total volume of shares traded was 2,894,544 at the BSE (2.07 p.m., Tuesday).

Shares of the Dena Bank gained Rs 3, or 18.63%, to trade at Rs 19.10. The total volume of shares traded was 743,901 at the BSE (2.07 p.m., Tuesday).

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