Canara Bank may be next in line to take over two small lenders

The government is looking to create a bigger bank in the next round of consolidation by getting state-run Canara BankBSE -3.18 % to take over smaller lenders Vijaya BankBSE -1.45 % and Dena BankBSE -2.20 %. “Discussions are on between banks. There is a possibility that first Vijaya and Dena merge, before being taken over by Canara Bank,” a senior government official told ET.

Canara Bank is the fourth-biggest bank by market capitalisation behind State Bank of India, Bank of Baroda and...

Canara Bank may be next in line to take over two small lenders