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The government has decided to infuse ₹5,042 crore into ____________ ahead of the merger of two other public sector lenders.

A. 

SBI

B. 

Bank of Baroda

C. 

ICICI Bank

D. 

PNB

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Answer with explanation

Answer: Option B

Explanation

The merger of Dena Bank and Vijaya Bankwith Bank of Baroda would be effective from April 1. According to the Scheme of Amalgamation (SoA), Vijaya Bank’s shareholders will get 402 equity shares of BoB for every 1,000 shares held.

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