Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
23 October, 2020 00:28 IST
Government to merge Dena Bank, Vijaya Bank, Bank of Baroda
Source: IRIS | 18 Sep, 2018, 03.33PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

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, Vijaya Bank and Dena Bank 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).

 Post Comment
Name Email
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer