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10 Indian Banks Merged Into 4
From today, 1 April,10 Government banks (PSU) will be merged into 4 banks in order to strengthen the Indian banking system.
10 Govt Banks Merge into 4 Banks
Finance Minister Nirmala Sitharaman announced the merger of ten public sector banks into four banks. This decision has been made to salvage loss making banks.
Dena Bank & Vijaya Bank Merge with Bank of Baroda
For the first time in India, on 1st April 2019, Dena Bank and Vijaya Bank merged with Bank of Baroda to form India’s second largest Nationalised Bank worth Rs 15 lakh crore.
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