Vijaya and Dena make BoB second largest PSB

For corporate borrowers of Dena Bank, the merger comes as a major relief. These customers were earlier finding it difficult to obtain loans as their bank was facing lending restrictions under RBI’s prompt corrective action (PCA). Dena Bank CEO Karnam Sekar is tipped to join Chennai-based Indian Overseas Bank, while R A Sankara Narayanan, CEO, Vijaya Bank, is likely to take charge of Canara Bank in Bengaluru.

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