Banking · Mergers and Amalgamations
Following the government's announcement of the amalgamation of several public sector banks (PSBs) in 2018, two banks, Dena Bank and Vijaya Bank, were merged into a larger, anchor bank with effect from April 1, 2019. Which statement correctly identifies the anchor bank of this specific amalgamation and the headquarters location of this anchor bank?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Dena Bank and Vijaya Bank were merged into Canara Bank. The head office of Canara Bank was relocated to Bengaluru, Karnataka.
- 2Dena Bank and Vijaya Bank were merged into Union Bank of India. The head office of Union Bank of India was relocated to Mumbai, Maharashtra.
- 3Dena Bank and Vijaya Bank were merged into Punjab National Bank (PNB). The head office of PNB was relocated to New Delhi.
- 4Dena Bank and Vijaya Bank were merged into Bank of Baroda (BoB). The head office of Bank of Baroda remained in Vadodara, Gujarat.✓
Correct answer
Dena Bank and Vijaya Bank were merged into Bank of Baroda (BoB). The head office of Bank of Baroda remained in Vadodara, Gujarat.
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