Despite weaker Dena,BoB has minimal impact on NPAs post-merger
Bank of Baroda Monday said the amalgamation of Dena Bank and Vijaya Bank it from Monday is unlikely to bring in much changes in the financials of the combined entity, including non-performing assets.
The three-way merger, the first in the country, makes BoB the third largest lender after State Bank of India and HDFC Bank, and the second largest among state-run banks, with a combined business of Rs 15 lakh crore, of which deposits are Rs 8.75 lakh crore and advances are at Rs 6.25 lakh crore.
"Looking at capital adequacy ratio for December 2018 quarter, the numbers don't change magically as the pluses of one (Vijaya) are offsetting the minuses of the other (Dena).
So net numbers of the combined entity is close to where BoB has been in terms of core capital," managing director & chief executive PS Jayakumar told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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