In what is the first three-way merger for Indian banks, Bank of Baroda has merged Vijaya Bank and Dena Bank with itself. So India’s much-hyped mega bank is finally here.

The new entity is now India’s second largest public lender after SBI, and third largest overall after SBI and HDFC Bank.

The mega bank now has a balance sheet size of over Rs 15 lakh crore — with deposits worth of Rs 8.75 lakh…
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