<h1>India's First Three-Way Bank Merger: Vijaya, Dena, and Bank of Baroda Unite for Global Competitiveness and Efficiency.</h1> The Union Cabinet approved the amalgamation of Vijaya Bank, Dena Bank, and Bank of Baroda, marking India's first three-way bank merger. Effective April 1, 2019, Bank of Baroda will be the transferee bank, absorbing the assets, liabilities, and employees of the other two. The merger aims to create a globally competitive public sector bank with enhanced operational efficiency, a broader product range, and improved customer access. It leverages the strengths of each bank, such as Dena Bank's low-cost deposits and Vijaya Bank's profitability, to enhance market reach and financial inclusion. Shareholders can address concerns regarding the share exchange ratio through an expert committee.