PW Bureau
BoB will now have 13,400 ATMs, over 9,500 branches, 85,000 employees and a customer base of 12 crore
New Delhi: As the three-way merger of Dena Bank and Vijaya Bank with Bank of Baroda (BoB) took effect on Monday, BoB became the country’s second largest state-owned lender after the State Bank of India. The total number of public sector banks in India has now come down to 18. The consolidated entity has a business mix of over Rs 15 lakh crore of balance sheet, and its deposits and advances stand at Rs 8.75 lakh crore and Rs 6.25 lakh crore, respectively.