Merger of Vijaya Bank and Dena Bank with BoB to be effective from April 1

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Deal Major
desiman

Merger of Vijaya Bank and Dena Bank with BoB to be effective from April 1

Besides, the board of the bank fixed March 11, 2019, as record date for issuing and allotting equity shares of the Bank of Baroda to the Shareholders of Vijaya Bank and Dena Bank.

https://www.moneycontrol.com/news/business/merg...

Vijaya Bank, Dena Bank merger with BoB to be effective from April 1; here’s the share exchange plan

https://www.businesstoday.in/sectors/banks/vija...

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Benevolent Benevolent
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Soja beta nai to Anil Ambani aajayega paise mangne toungueout
Hahahaha/…

Deal Subedar Deal Subedar
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laughing joy
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Deal Cadet Deal Cadet
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It is going to be a mess initially.
I have accounts in both the banks.
Just to play safe, iam shifting FD’s in both the banks to elesewhere before 31st march & keep the sb accounts with minimum balance till the dust settles.

Vanguard Vanguard
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i wonder what would happen to the netbanking credentials and debit cards..?will they still continue to work on the respective bank’s websites?

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Deal Lieutenant Deal Lieutenant
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Thanks for the info @desidude2013 +18kg looks like it’s time to shift the funds to somewhere else..

Deal Major Deal Major
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why bro will they not just merge the BOB and dena accounts

Community Angel Community Angel
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What name they give to new bank?
NMDFC?

Deal Major Deal Major
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but why to shift funds elsewhere – i suppose those who have accts in both BOB and dena bank then they will just transfer the SB balance to BOB account and close the Dena SB similarly the FD should also be same way transfered…

Deal Major Deal Major
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Dena Bank sending sms to submit new form 15G/H at the branches from 1st april 2019

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