Which two banks were merged with Bank of Baroda with effect from 1st April 2019?

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RRB NTPC CBT-I Official Paper (Held On: 28 Dec 2020 Shift 1)
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  1. Syndicate Bank and UCO Bank
  2. Union Bank of India and Andhra Bank
  3. Vijaya Bank and Dena Bank
  4. Allahabad Bank and Canara Bank

Answer (Detailed Solution Below)

Option 3 : Vijaya Bank and Dena Bank
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RRB NTPC CBT-I Official Paper (Held On: 4 Jan 2021 Shift 1)
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Detailed Solution

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The correct answer is Vijaya Bank and Dena Bank.

Key Points 

  • Bank of Baroda became the third largest bank after the amalgamation.
  • State Bank of India (SBI) and ICICI Bank are the largest banks in India.
  • The government of India proposed the merger of Dena Bank and Vijaya Bank with the Bank of Baroda on 17th September 2018.
  • Branches of Vijaya Bank and Dena Bank will function as Bank of Baroda after the amalgamation.
  • It was the first-ever three-way consolidation of banks in India.
  • The Government of India nationalized the Bank of Baroda on 19 July 1969.
  • The headquarters of the Bank of Baroda is located at Vadodara in Gujarat.

Additional Information

  • Syndicate bank merged with Canara Bank In 2019.
  • Allahabad Bank merged with Indian bank In 2019.
  •  Andhra Bank and Corporation Bank merged with Union Bank of India in 2019.
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