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Vijaya Bank is one among two bank who gave the dividend the Govt..Totally political conspiracy by way of merging the profit making organisation to BOB..
Merging of bank will only help big companies to avail more loans. There is nothing wrong in that until unless they pay it back.We already have a chain of NPA ( Non paying assets ) or bad loans rocking the bank and the economy with losses close to 4 lakh crores. Their impact is too bad on the bank and the economy when they don't pay back the loan. Our tax money will be then used to level up the loans. It is better to have more banks with lesser lending capacity than to have lesser bank with higher lending capacity.
Being a banker I know the heights of misguided calculations governments do to get their will implemented. 75% NPA comprise the loans above 10Cr, which need clearances and areprocessed and sanctioned at levels beyond our influence and approach. Its aftereffects hence, should not be allowed to affect us. This has nothing to do with banks, it has everything to do with the corporate espionage. It should be stopped.
Vijaya Bank is having good management.