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BoB merger with Dena Bank, Vijaya Bank: Should you buy the merged entity?

Ideally Vijaya Bank shareholders should have got an offer of 510 shares instead of 402 shares of BoB for every 1,000 shares held in Vijaya Bank. Similarly, in the case of Dena Bank, only 56 shares of BoB should have been offered instead of 110 shares

 
 
This comes as a major relief for the bank, which was barred by the apex bank from opening bank accounts in June after it failed to stick to the RBI norms.
In India, financial year runs from 1st April to 31st March of next year. Hence, you need to prioritise your financial obligations until the due date arrives.
The Reserve Bank of India has asked banks to ensure that their customers migrate to debit and credit cards with EMV chips by the end of this year.
The amount infused will help the banks meet regulatory capital requirement, and its disbursement might take place before December 31.
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