According to the Bank of Baroda (BOB) officials about the merger of Dena Bank and Vijaya Bank with Bank of Baroda, around 800-900 bank branches have been recognized which needs to be rationalized.
“It does not make sense to have branches of Dena and Vijaya at the same location when both have been merged into BoB” a senior official said
Rationalization will help Bank of Baroda to improve operational efficiency, following its merger with Dena Bank and Vijaya Bank. Bank of Baroda is also planning to amplify in the eastern part of the country as it has a strong presence in the South, West and northern part of the country.
With the first-ever three-way merger, Bank of Baroda has now become the second-largest public sector lender and it is planning to further expand in the eastern part of the country as well.