Bank of Baroda concludes three-way amalgamation with Dena, Vijaya banks



State-run on Sunday said it has completed integration of 3,898 branches of erstwhile and with itself.


In a first three-way amalgamation, and were merged with from April 1, 2019.



The bank has completed the integration of 1,770 erstwhile branches in December 2020, and had earlier completed the integration of 2,128 erstwhile branches in September 2020, the lender said in a release.


“We have successfully completed integration of erstwhile with amidst the challenges faced under the COVID environment. We are happy to once again welcome all our esteemed customers and request them to avail full suite of Bank of Baroda’s products and digital solutions,” the bank’s managing director and CEO Sanjiv Chadha said in the release.


Over 5 crore customer accounts were migrated. In addition to branches, all ATMs, POS machines and credit cards have been migrated successfully.


The bank said all customers now have access to a total of 8,248 domestic branches and 10,318 ATMs across India, which will provide them complete access to its entire suite of products and services.


All customers will now have access to the bank’s digital channels.


Debit cards already issued to customers by erstwhile will continue to function until the stipulated expiry of the card, the bank said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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