BoB-Vijaya-Dena Bank merger.
The government decision to merge three state-run banks came as a surprise for the three lenders but not for the market men tracking the banking sector.
Analysts were long advocating such a move, given the inadequate capital and deteriorating asset quality of smaller PSU banks.
While any merger with a smaller bank is deemed negative for a bigger lender, analysts say merging of two PSBs (Bank of BarodaNSE -16.38 % and Vijaya BankNSE -5.75 %) with a weaker one (Dena BankNSE 19.81 %) will not be that bad after all.
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