Bank of Baroda comes into effect from 1st April,2019.
This is the first three way consolidation of banks in India.With this
the combined entity Bank of Baroda will have 9500 branches,13,400 ATM's
85,000 employees serving 120 million+ customers with a business mix of
Rs.15 lakh + crores.The bank plans to build upon the strengths of the three
banks,their synergies & scale up the operations with a wider customer base.
The top management of Bank Baroda mentioned that the employee interests
will be protected & the best of HR practices adopted by each of the three
banks will be examined for adoption.
Commenting about the amalgamation,Mr.P.S.Jayakumar,M.D & CEO of
Bank of Baroda said," we would use this unique opportunity to leverage
upon the rich legacy of three banks to build a modern and world class
banking institution for our customers,employees,partners & other