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Cricket, culture and PSU bank merger

The market may take time to digest the BoB-Vijaya-Dena merger but it could be a template for the next four mergers to create "NextGen" mega banks

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futuristic Over the next five years, at least ~9,500 crore will be generated through the sale of non-productive real estate, besides the other benefits arising out of business synergy

Tamal Bandyopadhyay

6 min read Last Updated : Sep 22 2019 | 11:48 PM IST

On June 9, around 2,000 Bank of Baroda (BoB) employees participated in a five-km “Su Run”, flagged off by badminton champion Srikanth Kidambi at Jio Garden, Mumbai’s Bandra Kurla Complex, where the bank is headquartered. That was one of the many segments of a team-building exercise, which will be replicated in other cities.

The sports culture is an import from Vijaya Bank which, along with Dena Bank, has been merged with BoB — the first such instance in the history of India’s public sector banks (PSBs). Indeed, New Bank of India was merged with Punjab National Bank in 1993, but the

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Bank of Baroda Bank mergers

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