India's Dena Bank approves merger with Bank of Baroda, Vijaya Bank

  • Reuters
  • Stock Market News
India's Dena Bank approves merger with Bank of Baroda, Vijaya Bank
Credit: © Reuters.

Sept 24 (Reuters) - India's Dena Bank DENA.NS said https://www.bseindia.com/xml-data/corpfiling/AttachLive/445a8db1-08ab-4b82-91d1-71f497dc6862.pdf on Monday its board of directors approved the government's proposed merger of the state-run lender with peers Bank of Baroda Ltd BOB.NS and Vijaya Bank VJBK.NS .

India announced the plan to merge the banks last week as part of efforts to tackle a pile of bad loans plaguing the sector and revive credit growth.

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