<h1>Bank of Baroda, Vijaya Bank, and Dena Bank merge to form India's third-largest bank with Rs. 14.82 lakh crore business.</h1> The government has initiated a three-way amalgamation of Bank of Baroda, Vijaya Bank, and Dena Bank, creating India's third-largest bank with a combined business of Rs. 14.82 lakh crore. This consolidation aims to form a globally competitive public sector bank with enhanced operational efficiency, wider product offerings, and improved customer access. The new entity will benefit from significant synergies, including a strong Provision Coverage Ratio and a lower Net NPA ratio compared to the public sector average. The merger will leverage Bank of Baroda's global network and Dena Bank's MSME strength, offering substantial cost benefits and market reach.