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

Question

Question

This question was previously asked in

RRB NTPC CBT-I Official Paper (Held On: 28 Dec 2020 Shift 1)

Answer 1

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