Bank of Baroda, Vijaya Bank, Dena Bank to be merged! Arun Jaitley's top quotes, employee query, benefits answered here

Finance Minister Arun Jaitley today suggested the formation of India’s 3rd largest globally competitive bank by the merger of Bank of Baroda, Vijaya Bank and Dena Bank. Read Full Report Here (Image: Reuters)

The government had announced in the budget that consolidation of banks was also in our agenda and the first step has been announced, said Arun Jaitley. (Reuters)

Arun Jaitley also said that no employee will face any service conditions which are adverse in nature. The best of the service conditions will apply to all of the employees of these three banks. (PTI)

The finance minister also assured capital support for these banks. The moves are aimed at promoting clean banking. (Reuters)

Jaitley also briefed the media on the issue of NPA. "Real picture of Non-Performing Assets(NPAs) was only known in 2015, the UPA had swept NPAs under the carpet," said FM Arun Jaitley. (Reuters)