Mumbai, April 5 -- On Monday, 1 April, Bank of Baroda (BoB) became India's third largest lender, with the merger of Vijaya Bank and Dena Bank with itself. The consolidated entity has deposits worth '8.75 trillion and advances of '6.25 trillion. BoB now has more than 9,500 branches, 13,400 ATMs, and 85,000 employees to serve 120 million customers. P.S. Jayakumar, managing director (MD) and chief executive officer (CEO) of the combined entity, believes it will take 12 months for the merged entity to stabilize. Edited excerpts from an interview:
How easy or difficult was the merger process?
It turned out to be smoother and a lot easier than what we started out with. It has got to do with a bunch of reasons. One reason was that within the i...