The recent successful merger of two public sector banks (PSBs), Dena Bank and Vijaya Bank, with Bank of Baroda has paved the way for the future road map of PSB restructuring. It has created the right synergy, achieved scale and resulted in better shareholder value creation. It would be wrong to think that this move of GoI was in response to the difficult conditions that many PSBs find themselves in. Nor was it meant to provide protection to a ‘weak’ bank like Dena Bank (as it is perceived to be). This amalgamation is the result of a…
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