Merge to Form India's 3rd Largest Bank Three state-run banks - Dena Bank, Vijaya Bank and Bank of Baroda - will be merged to create the third-largest bank in the country, the government said on Monday as part of efforts to clean up the country's banking system. The government will continue to provide capital support to the merged bank. The announcement, made by Financial Services Secretary Rajiv Kumar during a press conference with Finance Minister Arun Jaitley, comes as the country's banking sector grapples with non-performing assets or NPAs. The proposal will be sent to the boards of the three banks, which needs to approve it, before any further process, Rajiv Kumar said. He added that the sector needs reforms and the government is taking care of banks' capital needs. Rationalisation of overseas operation in banking sector is in full swing, he said, adding the government is keen to take steps so that history isn't repeated as far ...