Public Sector Lender Bank of Baroda on Monday successfully integrated IT operations of its 132 branches with the former Vijaya Bank. On 1st April, 2019, Bank of Baroda, Vijaya Bank and Dena Bank were amalgamated as per centers’s decision. In this merger, 2,135 branches of Vijaya Bank and 1,777 branches of Dena Bank were merged with Bank of Baroda.
The migration process began after the payment channels of both the Vijaya bank and Dena Bank were amalgamated with Bank of Baroda. After integrating ATMs, NEFT, RTGS, IMPS and UPI with BoB, merging of the branches of Vijaya Bank reported the beginning of the merging process.
While the IT integration of Vijaya Bank’s 152 branches is successfully completed with 20 branches that had been migrated earlier, bringing it to the same IT platform, Finacle 10, as that of Bank of Baroda, the IT integration of Dena Bank is likely to initiate next month and to be completed by end of this year or January 2021.
With the amalgamted entity BoB now nearly has 9,500 branches, expanding its reach in western, southern and north-eastern regions. Following the amalgamation which was communicated in September 2018, Bank of Baroda has become the third largest public sector lender after State bank of India and PNB Bank.