I would like to express my appreciation to JM Financial for the work undertaken and support with regards to the amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank.
We are pleased to share that this is the first major consolidation of three public sector banks and a significant milestone for the Indian Banking Industry. From the time the 'in-principle ' approval to the amalgamation was granted by the boards of the three banks in end-September 2018, the process has been completed in record time.
We are happy about the accomplishment and this would not have been possible without your co-operation and support in meeting the challenging timelines for the tasks in which you were actively involved.
In addition, we also had the benefit of your counsel from time to time. We look forward for your continued support and engagement.