Arun Jaitley announces merger of Dena Bank, Vijaya Bank and Bank of Baroda

Last Updated: Sep 17 2018 | 10:06 PM IST

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New Delhi, Sep 17 (ANI): Union Finance Minister Arun Jaitley on Monday announced the decision to merge Dena Bank, Vijaya Bank and Bank of Baroda. He asserted that the consolidation of banks was a priority for the government. During his speech the Finance Minister also critised the previous UPA government of sweeping NPAs under the carpet. "Real picture of Non Performing Assets (NPAs) was only known in 2015, the UPA had swept NPAs under the carpet," said Jaitley.