Daily Kiran : Latest News Headlines, Current Live Breaking News from India & World

Bank of Baroda gets nod to divests majority stake in Nainital Bank

Bank of Baroda has received approval from Board of Directors for divestment of its majority shareholding in the Nainital Bank (NBL), and authorized issuance of an advertisement inviting Expressions of Interest (EOI), through a Preliminary Information Memorandum (PIM), from interested parties (IPs). Bank of Baroda currently holds 98.57% of the total equity share capital of NBL.

bank of baroda trades higher on the bourses
Bank Of Baroda

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.