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Inside story of transformation that was underway at Bank of Baroda just before the big merger

The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.

 
 
Global brokerage Jefferies referred to Bank of Baroda as the base, Vijaya Bank the kicker and Dena Bank as 'bad bank'.
The merged entity or amalgamated bank would be India's third largest.
The controversy-hit lender has invited bids for the e-auction to be held through the bank's portal on September 20.
NuPower Renewables and NuPower Wind Farms are among the six companies whose books are being inspected by the ministry.
The former RBI governor reportedly said that banks extended more loans to prevent 'zombie' loans from turning non-performing assets.
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