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Cabinet Committee on Economic Affairs (CCEA) approved the scheme for merger of state-run Vijaya Bank, Dena Bank and ____ on 2nd January 2019, marking the first three-way merger in India’s banking sector?
  • a)
    Bank of Baroda
  • b)
    Bank of India
  • c)
    Union Bank of India
  • d)
    Indian Overseas Bank
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
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Cabinet Committee on Economic Affairs (CCEA) approved the scheme for m...
On 2nd January 2019, the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Shri Narendra Modi approved the scheme for the merger of state-run Vijaya Bank, Bank of Baroda(BoB) and Dena Bank, marking the first-ever three-way merger in the country’s banking sector. The merger which will come into force on April 1, 2019 will form the third largest bank in the country, after government-owned State Bank of India and private sector lender ICICI. In the merger process, Vijaya Bank and Dena Bank are transferor banks and BoB is the transferee bank. This means that all businesses, assets, rights, titles, claims, licences, approvals and other privileges and all property, all borrowings, liabilities and obligations of Vijaya Bank and Dena Bank will be transferred to Bank of Baroda. The merged bank will have a combined business of Rs 14.82 lakh crore. There will be no impact on the service conditions of the employees and there will be no retrenchment following the merger.
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Cabinet Committee on Economic Affairs (CCEA) approved the scheme for merger of state-run Vijaya Bank, Dena Bank and ____ on 2nd January 2019, marking the first three-way merger in India’s banking sector?a)Bank of Barodab)Bank of Indiac)Union Bank of Indiad)Indian Overseas Banke)None of theseCorrect answer is option 'A'. Can you explain this answer?
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Cabinet Committee on Economic Affairs (CCEA) approved the scheme for merger of state-run Vijaya Bank, Dena Bank and ____ on 2nd January 2019, marking the first three-way merger in India’s banking sector?a)Bank of Barodab)Bank of Indiac)Union Bank of Indiad)Indian Overseas Banke)None of theseCorrect answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Cabinet Committee on Economic Affairs (CCEA) approved the scheme for merger of state-run Vijaya Bank, Dena Bank and ____ on 2nd January 2019, marking the first three-way merger in India’s banking sector?a)Bank of Barodab)Bank of Indiac)Union Bank of Indiad)Indian Overseas Banke)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Cabinet Committee on Economic Affairs (CCEA) approved the scheme for merger of state-run Vijaya Bank, Dena Bank and ____ on 2nd January 2019, marking the first three-way merger in India’s banking sector?a)Bank of Barodab)Bank of Indiac)Union Bank of Indiad)Indian Overseas Banke)None of theseCorrect answer is option 'A'. Can you explain this answer?.
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