Merger of Bank of Baroda, Vijaya Bank, Dena Bank would increase commercial viability: Sanjeev Sanyal

Updated:2 months, 3 weeks ago IST

New Delhi, Sep 18 (ANI): The government has proposed the merger of three banks, namely, Bank of Baroda, Vijaya Bank and Dena Bank. The move has come to increase the commercial viability of the banks. After this proposal, Sanjeev Sanyal, Principal Economic Advisor in the Ministry of Finance said, "By merging these banks their commercial viability would increase. There were several Public Sector Banks so we decided to decrease them and thought that by merging these banks the entity would be more strengthened."

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