India commences first-ever three-way bank amalgamation process

By Accommodation Times Bureau NEW DELHI The Union Finance Minister Arun Jaitley and Cabinet Ministers, Piyush Goyal and Nirmala Sitharaman on September 17 decided that Bank of Baroda, Vijaya Bank and Dena Bank may consider amalgamation of the three banks. According to the Ministry of Finance, ‘The envisaged amalgamation will be the First-ever