Financial Analyst - Soma Valliappan

Glitz Digital

In a merger, there is an anchor bank and an amalgamating bank or banks, where the latter gets merged with the former. For instance, in the consolidation that happened in April of 2019, Vijaya Bank and Dena Bank (amalgamating banks) were merged into Bank of Baroda (the anchor bank). In effect, the operations of Vijaya Bank and Dena Bank were handed over to Bank of Baroda.

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