Govt to merge BoB, Dena Bank and Vijaya Bank

• The government has said state-owned Bank of Baroda, Vijaya Bank and Dena Bank will be merged to create the country’s third largest lender. 
• The envisaged amalgamation will be the first-ever three-way consolidation of banks in India, with a combined business of Rs 14.82 lakh crore, making it the third largest bank after SBI and ICICI Bank.
• Post this merger, the number of PSU banks will come down to 19.

Points to remember:

1. Which three banks to be merged?
2. Size of the bank?-3rd