Bank of Baroda completes three-way amalgamation of 3,898 branches of Dena Bank and Vijaya Bank

Bank of Baroda has completed three-way amalgamation of 3,898 branches of Vijaya Bank and Dena Bank. This amalgamation would be effective  from April 1, 2019.

The bank that had earlier completed the integration of 2,128 branches of Vijaya Bank  in September this year, later completed the integration of 1,770 branches of Dena Bank  in December 2020, the Bank said in a release.

"We have successfully completed integration of erstwhile banks with Bank of Baroda amidst the challenges faced under the COVID environment. We are happy to once again welcome all our esteemed customers and request them to avail full suite of Bank of Baroda's products and digital solutions," the bank's managing director and CEO Sanjiv Chadha said in a statement.

In this exercise, accounts of over 5 crore customers were migrated. In addition to the branches, all ATMs, POS machines and credit cards were migrated successfully. Debit cards already issued to customers by erstwhile banks will continue to function until the stipulated expiry of the card, the bank said.

The bank also said that all customers will now have access to a total of 8,248 domestic branches and 10,318 ATMs across India. This will provide them complete access to its entire suite of products and services.

Besides, all customers will now have access to the bank's digital channels.