Diabytes
Vijaya Bank News
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"Dear customers, please make a note that the e-Vijaya and e-Dena IFSC Codes are going to be discontinued from 1st March 2021. It’s easy to obtain the new IFSC codes of the e- Vijaya and Dena branches. Simply follow the steps and experience convenience," BoB has tweeted.
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What happens to Dena Bank, Vijaya Bank debit cards?
All customers to have access to the BoB digital channels.
Over 5 crore customer accounts previously migrated.
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Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda has been notified on January 2, 2019.
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BoB now has over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers.
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In September 2018, the Alternative Mechanism, headed by Jaitley, gave in-principle approval for the merger of the three banks to create a global-sized lender.
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The Cabinet Committee on Economic Affairs (CCEA) has approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three-way merger in the country's banking sector.
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This segment of Zee News brings detailed news stories of the day. Watch this video to know top stories of January 02, 2019.
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This segment of Zee News brings to you top 20 news stories of the day. Watch this video for more information.
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The government had in September approved the merger of three public sector lenders - Bank of Baroda, Dena Bank and Vijaya Bank.
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The boards of each bank will meet to give a go-ahead to the proposed merger.
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Slippages may increase in the short-term as recognition of non-performing assets is harmonised and accelerated, India Ratings said in a note.
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Post this merger, the number of PSU banks will come down to 19.
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The government Monday proposed the merger of the three state-owned banks to create the country's third largest lender as part of efforts to revive credit and economic growth.
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The announcement comes from Financial Services Secretary Rajiv Kumar during a press conference with FM Arun Jaitley on the status of the country's economy.
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Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.
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The gross non-performing assets (NPAs) of the bank fell slightly to 7.30 percent of the gross advances as on June 30, 2017 from a level of 7.31 percent a year ago.
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The reduction in deposit rates will be?applicable for term deposits of different slabs from 91 days?to above five years maturity, it said in a release.
The new deposit rates will be effective April 12, it said.
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State-run Vijaya Bank today said the government has approved a capital infusion of Rs 220 crore in lieu of preferential allotment of shares.
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State-owned Vijaya Bank today said it is planning to raise Rs 226 crore from allotment of equity shares to insurance major Life Insurance Corporation of India (LIC) on preferential basis
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The bank would also issue bounds under Tier 2 capital to collect Rs 3,000 crore
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